| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $23M | $22M | 33.9% | 41.8% |
| Op. Income | -$4M | -$9M | -$9M | 49.1% | 53.0% |
| Gross Margin | 36.5% | 23.9% | 24.1% | 12.6pp | 12.5pp |
| Net Margin | -36.5% | -23.6% | -94.2% | -12.8pp | 57.7pp |
| EPS (Diluted) | $-0.61 | $-0.29 | $-1.09 | -110.3% | 44.0% |
| Free Cash Flow | -$6M | -$17M | -$18M | 65.1% | 65.3% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $11M |
| R&D Expenses | $4M |
| Selling & Marketing | $4M |
| General & Administrative | $6M |
| SG&A Expenses | $10M |
| Other Expenses | $2M |
| Operating Expenses | $16M |
| Cost & Expenses | $36M |
| OPERATING INCOME | -$4M |
| Interest Income | -$4M |
| Interest Expense | $3M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $30.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $2M |
| EBIT | -$9M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$441.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$595.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $16M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $55M |
| PP&E (Net) | $38M |
| Goodwill | $20M |
| Intangible Assets | $19M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $84M |
| TOTAL ASSETS | $138M |
| Account Payables | $18M |
| Short-Term Debt | $17M |
| Deferred Revenue | $883.0K |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $57M |
| Long-Term Debt | $22M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $90M |
| Common Stock | $865.0K |
| Additional Paid-In Capital | $275M |
| Retained Earnings | -$225M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48M |
| Minority Interest | $0 |
| TOTAL EQUITY | $48M |
| TOTAL LIABILITIES & EQUITY | $138M |
| Total Debt | $48M |
| Net Debt | $43M |
