| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $0 | $4M | — | 78.4% |
| Op. Income | -$144M | -$67M | -$42M | -115.5% | -243.9% |
| Gross Margin | 90.8% | — | 73.9% | — | 16.9pp |
| Net Margin | -1861.6% | — | -865.5% | — | -996.1pp |
| EPS (Diluted) | $-1.49 | $-0.60 | $-0.52 | -148.3% | -186.5% |
| Free Cash Flow | -$123M | -$50M | -$25M | -147.0% | -399.3% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $643.0K |
| GROSS PROFIT | $6M |
| R&D Expenses | $140M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $150M |
| Cost & Expenses | $151M |
| OPERATING INCOME | -$144M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$130M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$130M |
| D&A | $643.0K |
| EBIT | -$130M |
| EBITDA | -$130M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$130M |
| Depreciation & Amortization | $643.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $469.0K |
| OPERATING CASH FLOW | -$122M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$337M |
| Sales/Maturities of Investments | $141M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$197M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$123M |
| Net Change in Cash | -$316M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $592M |
| Net Receivables | $3.0K |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $690M |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $406M |
| Tax Assets | $0 |
| Other Non-Current Assets | $805.0K |
| TOTAL NON-CURRENT ASSETS | $434M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $65M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$623M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $812.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $19M |
| Net Debt | -$65M |
