| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $104M | — | -14.2% | — |
| Op. Income | -$66M | -$249M | — | 73.7% | — |
| Gross Margin | 8.2% | 40.1% | — | -31.9pp | — |
| Net Margin | -69.6% | -226.9% | — | 157.3pp | — |
| EPS (Diluted) | $-0.25 | $-1.03 | — | 75.7% | — |
| Free Cash Flow | -$836M | -$69M | — | -1115.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $57M |
| Operating Expenses | $73M |
| Cost & Expenses | $155M |
| OPERATING INCOME | -$66M |
| Interest Income | $3M |
| Interest Expense | $898.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$62M |
| Income Tax Expense | -$155.0K |
| Net Income from Continuing Ops | -$62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$62M |
| D&A | $52M |
| EBIT | -$61M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$62M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$85M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$83M |
| Capital Expenditure | -$753M |
| Acquisitions (Net) | -$98M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $323.0K |
| Other Investing Activities | $435M |
| NET CASH FROM INVESTING | -$417M |
| Net Debt Issuance | $48M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $494M |
| FREE CASH FLOW | -$836M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $433M |
| Net Receivables | $140M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $705M |
| PP&E (Net) | $1.2B |
| Goodwill | $8M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $83M |
| Short-Term Debt | $59M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $188M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $202M |
| Common Stock | $271.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$479M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $418.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $67M |
| Net Debt | -$54M |
