| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $94M | $105M | $119M | -10.3% | -20.9% |
| Op. Income | -$218M | $5M | -$10M | -4733.2% | -2026.2% |
| Gross Margin | 65.5% | 52.7% | 11.6% | 12.8pp | 53.9pp |
| Net Margin | -229.0% | 1.5% | -8.6% | -230.5pp | -220.4pp |
| EPS (Diluted) | $-5.04 | $0.04 | $-0.31 | -14061.2% | -1525.8% |
| Free Cash Flow | $25M | -$24M | -$47M | 202.9% | 153.9% |
| Item | Amount |
|---|---|
| REVENUE | $94M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $34M |
| SG&A Expenses | $34M |
| Other Expenses | $246M |
| Operating Expenses | $280M |
| Cost & Expenses | $313M |
| OPERATING INCOME | -$218M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$222M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$216M |
| D&A | $23M |
| EBIT | -$219M |
| EBITDA | -$196M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$216M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $236M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | -$4.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19.0K |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $76M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $105M |
| PP&E (Net) | $258M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $264M |
| TOTAL ASSETS | $369M |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $98M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $37M |
| Deferred Revenue NC | $49M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $112M |
| TOTAL LIABILITIES | $265M |
| Common Stock | $426.0K |
| Additional Paid-In Capital | $189M |
| Retained Earnings | -$85M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $104M |
| Minority Interest | $0 |
| TOTAL EQUITY | $104M |
| TOTAL LIABILITIES & EQUITY | $369M |
| Total Debt | $53M |
| Net Debt | $46M |
