| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $4M | $5M | -34.4% | -35.6% |
| Op. Income | -$36M | -$29M | -$26M | -23.7% | -36.6% |
| Gross Margin | 53.6% | 64.8% | 78.1% | -11.2pp | -24.5pp |
| Net Margin | -1315.4% | -520.6% | -605.8% | -794.8pp | -709.5pp |
| EPS (Diluted) | $-0.45 | $-0.30 | $-0.42 | -50.0% | -7.1% |
| Free Cash Flow | -$26M | -$27M | -$16M | 4.6% | -58.1% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $2M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$36M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $518.0K |
| EBIT | -$34M |
| EBITDA | -$33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $518.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $241.0K |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $185M |
| PP&E (Net) | $12M |
| Goodwill | $4M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $230M |
| Account Payables | $5M |
| Short-Term Debt | $18M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $97M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $111M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $85.0K |
| Additional Paid-In Capital | $637M |
| Retained Earnings | -$559M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77M |
| Minority Interest | $0 |
| TOTAL EQUITY | $77M |
| TOTAL LIABILITIES & EQUITY | $230M |
| Total Debt | $122M |
| Net Debt | -$54M |
