| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $11M | $14M | 10.1% | -17.4% |
| Op. Income | -$45M | -$33M | -$16M | -38.1% | -176.6% |
| Gross Margin | 93.0% | 93.0% | 92.9% | -0.0pp | 0.1pp |
| Net Margin | -357.3% | -279.0% | -100.5% | -78.3pp | -256.8pp |
| EPS (Diluted) | $-0.64 | $-0.54 | $-0.33 | -18.5% | -93.9% |
| Free Cash Flow | -$36M | -$41M | -$24M | 10.8% | -51.0% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $816.0K |
| GROSS PROFIT | $11M |
| R&D Expenses | $43M |
| Selling & Marketing | $51.0K |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$45M |
| Interest Income | $4M |
| Interest Expense | $14.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $90.0K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $467.0K |
| EBIT | -$41M |
| EBITDA | -$41M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $467.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$384.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$164M |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | -$32.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$365.0K |
| NET CASH FROM FINANCING | $152M |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $271M |
| Net Receivables | $607.0K |
| Inventory | $2M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $383M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $418M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $18M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $205.0K |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $82M |
| Common Stock | $68.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$873M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $337M |
| Minority Interest | $0 |
| TOTAL EQUITY | $337M |
| TOTAL LIABILITIES & EQUITY | $418M |
| Total Debt | $22M |
| Net Debt | -$78M |
