| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $33M | — | 6.2% | — |
| Op. Income | -$16M | -$15M | — | -7.6% | — |
| Gross Margin | 75.0% | 75.7% | — | -0.7pp | — |
| Net Margin | -94.3% | -58.1% | — | -36.2pp | — |
| EPS (Diluted) | $-0.52 | $-0.30 | — | -73.3% | — |
| Free Cash Flow | -$14M | -$11M | — | -27.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $26M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$16M |
| Interest Income | $592.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $5.0K |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $2M |
| EBIT | -$28M |
| EBITDA | -$25M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$332.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$332.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$518.0K |
| NET CASH FROM FINANCING | $851.0K |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | -$45M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $119M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $34M |
| Long-Term Debt | $136M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $790M |
| TOTAL NON-CURRENT LIABILITIES | $945M |
| TOTAL LIABILITIES | $978M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $112M |
| Retained Earnings | -$971M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$772.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$859M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$859M |
| TOTAL LIABILITIES & EQUITY | $119M |
| Total Debt | $160M |
| Net Debt | $109M |
