| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | — | $19M | — | -60.9% |
| Op. Income | -$53M | — | -$56M | — | 5.0% |
| Gross Margin | 108.1% | — | 96.6% | — | 11.5pp |
| Net Margin | -2091.3% | — | -333.5% | — | -1757.9pp |
| EPS (Diluted) | $-3.04 | — | $-1.32 | — | -130.1% |
| Free Cash Flow | -$44M | — | -$43M | — | -2.7% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | -$615.0K |
| GROSS PROFIT | $8M |
| R&D Expenses | $52M |
| Selling & Marketing | $2M |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | -$791.5K |
| Operating Expenses | $61M |
| Cost & Expenses | $61M |
| OPERATING INCOME | -$53M |
| Interest Income | $1M |
| Interest Expense | $14M |
| Other Income/Expenses | -$105M |
| INCOME BEFORE TAX | -$158M |
| Income Tax Expense | $226.8K |
| Net Income from Continuing Ops | -$158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $2.3K |
| NET INCOME | -$158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$158M |
| D&A | $6M |
| EBIT | -$140M |
| EBITDA | -$134M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$158M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $107M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | -$91.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$195.3K |
| Net Debt Issuance | $23M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $54M |
| NET CASH FROM FINANCING | $144M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | $113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $408.0K |
| TOTAL CURRENT ASSETS | $130M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $56.1K |
| Long-Term Investments | $1M |
| Tax Assets | $253.7K |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $139M |
| Account Payables | $38M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $141M |
| Long-Term Debt | $54M |
| Deferred Revenue NC | $125.1K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $123M |
| TOTAL LIABILITIES | $264M |
| Common Stock | $1M |
| Additional Paid-In Capital | $291M |
| Retained Earnings | -$215M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$202M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$125M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$125M |
| TOTAL LIABILITIES & EQUITY | $139M |
| Total Debt | $64M |
| Net Debt | -$49M |
