| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $69M | $52M | $32M | 33.9% | 114.3% |
| Op. Income | -$4M | -$16M | -$42M | 72.4% | 89.6% |
| Gross Margin | 62.9% | 66.5% | 64.5% | -3.6pp | -1.6pp |
| Net Margin | -30.8% | -57.2% | -174.7% | 26.3pp | 143.9pp |
| EPS (Diluted) | $-0.11 | $-0.15 | $-0.50 | 26.7% | 78.0% |
| Free Cash Flow | -$35M | -$35M | -$37M | 1.5% | 5.7% |
| Item | Amount |
|---|---|
| REVENUE | $69M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $43M |
| R&D Expenses | $11M |
| Selling & Marketing | $26M |
| General & Administrative | $11M |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $74M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $27.0K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $27.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $35M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | $44.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $94M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $338M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $56.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $344M |
| Account Payables | $52M |
| Short-Term Debt | $55M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $60M |
| TOTAL CURRENT LIABILITIES | $246M |
| Long-Term Debt | $238M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $246M |
| TOTAL NON-CURRENT LIABILITIES | $486M |
| TOTAL LIABILITIES | $733M |
| Common Stock | $196.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.6B |
| Treasury Stock | -$55M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$389M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$389M |
| TOTAL LIABILITIES & EQUITY | $344M |
| Total Debt | $298M |
| Net Debt | $153M |
