| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $10M | $7M | 12.8% | 59.3% |
| Op. Income | $629.0K | $509.0K | -$2M | 23.6% | 131.6% |
| Gross Margin | 55.6% | 61.0% | 49.6% | -5.4pp | 6.0pp |
| Net Margin | -5.1% | 6.1% | -30.8% | -11.2pp | 25.7pp |
| EPS (Diluted) | $-0.02 | $0.02 | $-0.09 | -197.0% | 73.9% |
| Free Cash Flow | -$777.0K | $3M | -$388.0K | -126.3% | -100.3% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $6M |
| R&D Expenses | -$871.0K |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $629.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$511.0K |
| Income Tax Expense | $87.0K |
| Net Income from Continuing Ops | -$598.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$598.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$598.0K |
| D&A | $355.0K |
| EBIT | $629.0K |
| EBITDA | $984.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$598.0K |
| Depreciation & Amortization | $355.0K |
| Stock-Based Compensation | $782.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$765.0K |
| Capital Expenditure | -$12.0K |
| Acquisitions (Net) | -$30M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $248.0K |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | -$777.0K |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $15M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $41M |
| PP&E (Net) | $209.0K |
| Goodwill | $0 |
| Intangible Assets | $35M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.0K |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $76M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $52M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $132M |
| Retained Earnings | -$108M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | $0 |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $76M |
| Total Debt | $30M |
| Net Debt | $15M |
