| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $39M | $34M | -21.2% | -9.5% |
| Op. Income | -$31M | -$26M | -$38M | -19.0% | 17.3% |
| Gross Margin | 95.6% | 96.6% | 95.4% | -1.0pp | 0.3pp |
| Net Margin | -100.8% | -82.7% | -124.0% | -18.1pp | 23.2pp |
| EPS (Diluted) | $-3.67 | $-3.85 | $-5.47 | 4.7% | 32.9% |
| Free Cash Flow | -$26M | -$19M | -$19M | -32.4% | -38.6% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $29M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $27M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $62M |
| OPERATING INCOME | -$31M |
| Interest Income | $1M |
| Interest Expense | $11M |
| Other Income/Expenses | $392.0K |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | -$109.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | -$54M |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $81.0K |
| EBIT | -$20M |
| EBITDA | -$20M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | $53.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $680.0K |
| NET CASH FROM FINANCING | $680.0K |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $46M |
| Net Receivables | $31M |
| Inventory | $5M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $156M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $164M |
| Account Payables | $5M |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $163M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $89M |
| TOTAL NON-CURRENT LIABILITIES | $258M |
| TOTAL LIABILITIES | $350M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$356.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$186M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$186M |
| TOTAL LIABILITIES & EQUITY | $164M |
| Total Debt | $195M |
| Net Debt | $132M |
