| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $234M | $200M | $157M | 17.2% | 49.2% |
| Op. Income | -$733M | -$771M | -$737M | 4.9% | 0.5% |
| Gross Margin | -89.0% | -106.2% | -160.9% | 17.2pp | 71.9pp |
| Net Margin | -169.4% | -496.1% | -416.0% | 326.7pp | 246.6pp |
| EPS (Diluted) | $-2.24 | $-4.10 | $-2.85 | 45.4% | 21.4% |
| Free Cash Flow | -$825M | -$622M | -$747M | -32.5% | -10.4% |
| Item | Amount |
|---|---|
| REVENUE | $234M |
| Cost of Revenue | $443M |
| GROSS PROFIT | -$209M |
| R&D Expenses | $280M |
| Selling & Marketing | $50M |
| General & Administrative | $194M |
| SG&A Expenses | $244M |
| Other Expenses | $0 |
| Operating Expenses | $524M |
| Cost & Expenses | $967M |
| OPERATING INCOME | -$733M |
| Interest Income | $58M |
| Interest Expense | $10M |
| Other Income/Expenses | $336M |
| INCOME BEFORE TAX | -$397M |
| Income Tax Expense | $589.0K |
| Net Income from Continuing Ops | -$397M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$397M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$637M |
| D&A | $91M |
| EBIT | -$386M |
| EBITDA | -$296M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$397M |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $77M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$128M |
| Change in Working Capital | -$176M |
| OPERATING CASH FLOW | -$533M |
| Capital Expenditure | -$292M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.2B |
| Sales/Maturities of Investments | $956M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $79M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $1.8B |
| FREE CASH FLOW | -$825M |
| Net Change in Cash | -$287M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $2.4B |
| Net Receivables | $112M |
| Inventory | $408M |
| Other Current Assets | $270M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $3.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $249M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $9.6B |
| Account Payables | $134M |
| Short-Term Debt | $126M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $653M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $303.0K |
| Additional Paid-In Capital | $16.8B |
| Retained Earnings | -$12.9B |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $9.6B |
| Total Debt | $2.5B |
| Net Debt | $870M |
