| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $45M | $28M | 3.9% | 65.7% |
| Op. Income | -$33M | -$32M | -$21M | -3.5% | -53.5% |
| Gross Margin | 46.9% | 51.7% | 47.4% | -4.8pp | -0.5pp |
| Net Margin | -72.9% | -59.9% | -70.2% | -13.0pp | -2.8pp |
| EPS (Diluted) | $-0.09 | $-0.07 | $-0.25 | -28.6% | 64.0% |
| Free Cash Flow | -$17M | -$30M | -$14M | 42.1% | -23.4% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $22M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $3M |
| Operating Expenses | $55M |
| Cost & Expenses | $80M |
| OPERATING INCOME | -$33M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$983.0K |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $272.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $4M |
| EBIT | -$30M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$84.0K |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $30M |
| NET CASH FROM INVESTING | $26M |
| Net Debt Issuance | -$55M |
| Common Stock Repurchased | -$45.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $525.0K |
| NET CASH FROM FINANCING | -$55M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $126M |
| Net Receivables | $34M |
| Inventory | $41M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $376M |
| PP&E (Net) | $71M |
| Goodwill | $111M |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $236M |
| TOTAL ASSETS | $612M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $19M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $299.0K |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $75M |
| TOTAL LIABILITIES | $141M |
| Common Stock | $396.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$46M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $472M |
| Minority Interest | $0 |
| TOTAL EQUITY | $472M |
| TOTAL LIABILITIES & EQUITY | $612M |
| Total Debt | $33M |
| Net Debt | -$134M |
