| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $202M | $191M | $155M | 5.4% | 30.2% |
| Op. Income | -$126M | -$117M | -$198M | -7.4% | 36.2% |
| Gross Margin | 61.6% | 61.1% | 152.3% | 0.5pp | -90.8pp |
| Net Margin | -55.0% | -56.3% | -120.6% | 1.3pp | 65.6pp |
| EPS (Diluted) | $-0.90 | $-0.88 | $-1.58 | -2.3% | 43.0% |
| Free Cash Flow | -$83M | -$55M | -$83M | -50.9% | -0.7% |
| Item | Amount |
|---|---|
| REVENUE | $202M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $124M |
| R&D Expenses | $94M |
| Selling & Marketing | $105M |
| General & Administrative | $52M |
| SG&A Expenses | $157M |
| Other Expenses | $0 |
| Operating Expenses | $250M |
| Cost & Expenses | $328M |
| OPERATING INCOME | -$126M |
| Interest Income | $12M |
| Interest Expense | $645.0K |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | -$110M |
| Income Tax Expense | $716.0K |
| Net Income from Continuing Ops | -$111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$111M |
| D&A | $10M |
| EBIT | -$110M |
| EBITDA | -$99M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$111M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$65M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$83M |
| Net Change in Cash | -$59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $526M |
| Short-Term Investments | $314M |
| Net Receivables | $110M |
| Inventory | $71M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $279M |
| Goodwill | $3M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $141M |
| TOTAL NON-CURRENT ASSETS | $430M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $35M |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $226M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$140M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$140M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $1.3B |
| Net Debt | $811M |
