| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $117M | $101M | $82M | 16.5% | 43.8% |
| Op. Income | $21M | -$4M | -$30M | 648.2% | 169.9% |
| Gross Margin | 81.9% | 78.8% | 71.7% | 3.2pp | 10.2pp |
| Net Margin | 23.1% | 0.3% | -29.6% | 22.8pp | 52.7pp |
| EPS (Diluted) | $0.35 | $0.00 | $-0.31 | 7854.5% | 212.9% |
| Free Cash Flow | $37M | $28M | — | 32.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $117M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $96M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $75M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | -$951.0K |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $94.0K |
| EBIT | $26M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $117M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $96M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $75M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | -$951.0K |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $94.0K |
| EBIT | $26M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $14.0K |
| Deferred Income Tax | -$585.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$83M |
| Sales/Maturities of Investments | $81M |
| Other Investing Activities | -$873.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $303M |
| Short-Term Investments | $166M |
| Net Receivables | $42M |
| Inventory | $25M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $565M |
| PP&E (Net) | $17M |
| Goodwill | $62M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $111M |
| TOTAL ASSETS | $675M |
| Account Payables | $0 |
| Short-Term Debt | $4M |
| Deferred Revenue | $218M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $249M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | -$7M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $259M |
| Common Stock | $0 |
| Additional Paid-In Capital | $88M |
| Retained Earnings | -$523M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $68.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $417M |
| Minority Interest | $0 |
| TOTAL EQUITY | $417M |
| TOTAL LIABILITIES & EQUITY | $675M |
| Total Debt | $18M |
| Net Debt | -$284M |
