| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $29M | — | 33.5% | — |
| Op. Income | -$137M | -$184M | — | 25.4% | — |
| Gross Margin | -41.7% | -77.6% | — | 35.9pp | — |
| Net Margin | -253.8% | -438.7% | — | 184.9pp | — |
| EPS (Diluted) | $-2.89 | $-3.94 | — | 26.6% | — |
| Free Cash Flow | -$94M | -$106M | — | 11.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $54M |
| GROSS PROFIT | -$16M |
| R&D Expenses | $48M |
| Selling & Marketing | $31M |
| General & Administrative | $42M |
| SG&A Expenses | $73M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $175M |
| OPERATING INCOME | -$137M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$127M |
| Income Tax Expense | -$30M |
| Net Income from Continuing Ops | -$97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$97M |
| D&A | $39M |
| EBIT | -$137M |
| EBITDA | -$97M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$97M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$29M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$93M |
| Capital Expenditure | -$303.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$546M |
| NET CASH FROM INVESTING | -$546M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$94M |
| Net Change in Cash | -$640M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $549M |
| Net Receivables | $25M |
| Inventory | $19M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $820M |
| PP&E (Net) | $135M |
| Goodwill | $0 |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $346M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $403M |
| TOTAL LIABILITIES | $480M |
| Common Stock | $34.0K |
| Additional Paid-In Capital | $12.3B |
| Retained Earnings | -$9.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $68M |
| Net Debt | -$146M |
