| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $69M | $72M | 6.4% | 1.2% |
| Op. Income | -$13M | -$6M | -$4M | -132.6% | -193.7% |
| Gross Margin | 56.4% | 55.4% | 29.9% | 1.0pp | 26.5pp |
| Net Margin | -34.7% | -28.2% | -46.5% | -6.5pp | 11.8pp |
| EPS (Diluted) | $-1.32 | $-1.00 | $-1.83 | -32.0% | 27.9% |
| Free Cash Flow | $2M | $973.0K | -$19M | 103.2% | 110.5% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $14M |
| Operating Expenses | $54M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$13M |
| Interest Income | $233.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $14M |
| EBIT | -$16M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$863.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$356.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$40.0K |
| NET CASH FROM FINANCING | -$396.0K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $801.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $7M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $80M |
| PP&E (Net) | $17M |
| Goodwill | $229M |
| Intangible Assets | $125M |
| Long-Term Investments | $293.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $376M |
| TOTAL ASSETS | $456M |
| Account Payables | $15M |
| Short-Term Debt | $2M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $296M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $181M |
| TOTAL NON-CURRENT LIABILITIES | $489M |
| TOTAL LIABILITIES | $555M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $469M |
| Retained Earnings | -$561M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$100M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$100M |
| TOTAL LIABILITIES & EQUITY | $456M |
| Total Debt | $307M |
| Net Debt | $288M |
