| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $89M | $35M | -50.8% | 26.2% |
| Op. Income | -$104M | -$55M | -$178M | -87.7% | 41.8% |
| Gross Margin | 78.1% | 88.8% | 81.0% | -10.7pp | -2.9pp |
| Net Margin | -245.2% | -63.3% | -609.1% | -181.9pp | 363.9pp |
| EPS (Diluted) | $-2.07 | $-1.08 | $-4.31 | -91.7% | 52.0% |
| Free Cash Flow | -$56M | -$119M | -$61M | 52.7% | 8.4% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $34M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $57M |
| SG&A Expenses | $57M |
| Other Expenses | $4M |
| Operating Expenses | $138M |
| Cost & Expenses | $147M |
| OPERATING INCOME | -$104M |
| Interest Income | $7M |
| Interest Expense | $94.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$108M |
| Income Tax Expense | -$325.0K |
| Net Income from Continuing Ops | -$108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$108M |
| Net Income Deductions | -$331.0K |
| BOTTOM LINE NET INCOME | -$107M |
| D&A | $16M |
| EBIT | -$159M |
| EBITDA | -$143M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$108M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $57.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $568.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$203.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4.0K |
| NET CASH FROM FINANCING | -$203.0K |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $562M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $603M |
| PP&E (Net) | $598M |
| Goodwill | $0 |
| Intangible Assets | $73M |
| Long-Term Investments | $48M |
| Tax Assets | $0 |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $775M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $31M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $99M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $554M |
| TOTAL LIABILITIES | $661M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | -$5.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $716M |
| Minority Interest | $0 |
| TOTAL EQUITY | $716M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $468M |
| Net Debt | -$94M |
