| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $13M | $27M | 67.2% | -19.2% |
| Op. Income | -$7M | -$17M | $281.0K | 55.7% | -2712.5% |
| Gross Margin | 83.0% | 66.4% | 84.6% | 16.6pp | -1.7pp |
| Net Margin | -48.4% | -160.8% | -27.1% | 112.5pp | -21.3pp |
| EPS (Diluted) | $-0.13 | $-0.29 | $-0.10 | 55.2% | -30.0% |
| Free Cash Flow | -$18M | -$14M | -$11M | -30.4% | -71.2% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $18M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$7M |
| Interest Income | $940.0K |
| Interest Expense | -$6M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $2M |
| EBIT | -$10M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | -$1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $3.0K |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $31M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $54M |
| Net Receivables | $19M |
| Inventory | $2M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $99M |
| PP&E (Net) | $43M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $149M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $350.0K |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $100.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $82M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $630M |
| Retained Earnings | -$563M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $52.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $67M |
| Minority Interest | $0 |
| TOTAL EQUITY | $67M |
| TOTAL LIABILITIES & EQUITY | $149M |
| Total Debt | $60M |
| Net Debt | $41M |
