| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $0 | $200M | — | -82.5% |
| Op. Income | -$65M | -$110M | $70M | 41.4% | -192.8% |
| Gross Margin | 100.0% | — | 90.0% | — | 10.0pp |
| Net Margin | -106.6% | — | 44.7% | — | -151.3pp |
| EPS (Diluted) | $-0.44 | $-1.01 | $1.10 | 56.4% | -140.0% |
| Free Cash Flow | -$50M | -$107M | -$97M | 53.1% | 48.1% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $35M |
| R&D Expenses | $82M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | -$691.0K |
| Operating Expenses | $100M |
| Cost & Expenses | $100M |
| OPERATING INCOME | -$65M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $700.0K |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $5M |
| EBIT | -$65M |
| EBITDA | -$60M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$50M |
| Capital Expenditure | -$254.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$267M |
| Sales/Maturities of Investments | $373M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $106M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | $73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $298M |
| Short-Term Investments | $1.6B |
| Net Receivables | $25M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $278M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $305M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $15M |
| Short-Term Debt | $17M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $222M |
| TOTAL LIABILITIES | $310M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$62.0K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $224M |
| Net Debt | -$75M |
