| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $59M | $19M | 11.3% | 253.3% |
| Op. Income | $1M | $601.0K | -$32M | 75.7% | 103.3% |
| Gross Margin | 100.0% | 100.0% | -109.0% | 0.0pp | 209.0pp |
| Net Margin | 79.8% | -17.0% | -164.2% | 96.7pp | 244.0pp |
| EPS (Diluted) | $0.54 | $-0.13 | $-0.36 | 518.2% | 248.4% |
| Free Cash Flow | -$70M | -$43M | $82M | -64.8% | -186.3% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $66M |
| R&D Expenses | $49M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$28.1K |
| Operating Expenses | $65M |
| Cost & Expenses | $65M |
| OPERATING INCOME | $1M |
| Interest Income | $8M |
| Interest Expense | $271.2K |
| Other Income/Expenses | $50M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $4M |
| EBIT | $51M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $66M |
| R&D Expenses | $49M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$28.1K |
| Operating Expenses | $65M |
| Cost & Expenses | $65M |
| OPERATING INCOME | $1M |
| Interest Income | $8M |
| Interest Expense | $271.2K |
| Other Income/Expenses | $50M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $4M |
| EBIT | $51M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$45M |
| Change in Working Capital | -$83M |
| OPERATING CASH FLOW | -$68M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$110M |
| Sales/Maturities of Investments | $56M |
| Other Investing Activities | -$69.0K |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | -$916.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | $171M |
| FREE CASH FLOW | -$70M |
| Net Change in Cash | $56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $277M |
| Short-Term Investments | $430M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $736M |
| PP&E (Net) | $74M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $814M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $42M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $62M |
| TOTAL LIABILITIES | $142M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$689M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $672M |
| Minority Interest | $0 |
| TOTAL EQUITY | $672M |
| TOTAL LIABILITIES & EQUITY | $814M |
| Total Debt | $19M |
| Net Debt | -$258M |
