| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $105M | $97M | $82M | 9.1% | 28.1% |
| Op. Income | -$29M | -$25M | -$39M | -16.2% | 25.8% |
| Gross Margin | 72.9% | 76.6% | 77.1% | -3.8pp | -4.2pp |
| Net Margin | -31.8% | -22.1% | -44.7% | -9.7pp | 12.8pp |
| EPS (Diluted) | $-0.60 | $-0.39 | $-0.75 | -53.8% | 20.0% |
| Free Cash Flow | -$1M | -$11M | -$15M | 88.9% | 91.8% |
| Item | Amount |
|---|---|
| REVENUE | $105M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $77M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $106M |
| Cost & Expenses | $134M |
| OPERATING INCOME | -$29M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | -$114.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $10M |
| EBIT | -$32M |
| EBITDA | -$22M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$215.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $507.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $80M |
| Other Investing Activities | $76.0K |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | -$924.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $51M |
| NET CASH FROM FINANCING | $60M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $170M |
| Short-Term Investments | $149M |
| Net Receivables | $61M |
| Inventory | $58M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $450M |
| PP&E (Net) | $170M |
| Goodwill | $66M |
| Intangible Assets | $263M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $586M |
| TOTAL ASSETS | $975M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $133M |
| TOTAL LIABILITIES | $208M |
| Common Stock | $56.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$745M |
| Treasury Stock | -$132.0K |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $767M |
| Minority Interest | $0 |
| TOTAL EQUITY | $767M |
| TOTAL LIABILITIES & EQUITY | $975M |
| Total Debt | $103M |
| Net Debt | -$66M |
