| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $149M | $137M | $116M | 8.9% | 28.8% |
| Op. Income | -$38M | -$66M | -$40M | 42.6% | 4.5% |
| Gross Margin | 64.3% | 28.5% | 49.2% | 35.8pp | 15.1pp |
| Net Margin | -20.2% | -49.6% | -36.7% | 29.4pp | 16.5pp |
| EPS (Diluted) | $-0.42 | $-0.95 | $-0.61 | 55.8% | 31.1% |
| Free Cash Flow | $11M | $14M | -$19M | -24.8% | 157.3% |
| Item | Amount |
|---|---|
| REVENUE | $149M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $96M |
| R&D Expenses | $0 |
| Selling & Marketing | $48M |
| General & Administrative | $34M |
| SG&A Expenses | $81M |
| Other Expenses | $52M |
| Operating Expenses | $134M |
| Cost & Expenses | $187M |
| OPERATING INCOME | -$38M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $5M |
| EBIT | -$38M |
| EBITDA | -$33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$74M |
| Sales/Maturities of Investments | $79M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $376M |
| Short-Term Investments | $635M |
| Net Receivables | $475M |
| Inventory | $0 |
| Other Current Assets | -$1.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $31M |
| Goodwill | $19M |
| Intangible Assets | $14M |
| Long-Term Investments | $635M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$699M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.8B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$94M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $83M |
| Deferred Revenue NC | $66M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$173M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $593M |
| Minority Interest | $0 |
| TOTAL EQUITY | $593M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $107M |
| Net Debt | -$269M |
