| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $53M | $50M | -21.0% | -16.4% |
| Op. Income | -$471.0K | $4M | $187.0K | -112.4% | -351.9% |
| Gross Margin | 18.3% | 23.4% | 10.6% | -5.0pp | 7.7pp |
| Net Margin | 2.4% | -32.4% | 6.0% | 34.8pp | -3.6pp |
| EPS (Diluted) | $0.00 | $-0.07 | $0.02 | 105.8% | -72.8% |
| Free Cash Flow | -$51M | -$40M | -$35M | -25.8% | -46.0% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $8M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $6M |
| Operating Expenses | $8M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$471.0K |
| Interest Income | $0 |
| Interest Expense | -$211.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $6M |
| EBIT | -$2M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $346.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | $34M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $101M |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | $52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $1M |
| Net Receivables | $10M |
| Inventory | $36M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $158M |
| PP&E (Net) | $525M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $562M |
| TOTAL ASSETS | $719M |
| Account Payables | $54M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $115M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $156M |
| TOTAL LIABILITIES | $235M |
| Common Stock | $851M |
| Additional Paid-In Capital | $6M |
| Retained Earnings | -$372M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $484M |
| Minority Interest | $0 |
| TOTAL EQUITY | $484M |
| TOTAL LIABILITIES & EQUITY | $719M |
| Total Debt | $120M |
| Net Debt | $14M |
