| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $20M | $19M | 16.6% | 23.3% |
| Op. Income | -$13M | -$14M | -$14M | 5.0% | 3.6% |
| Gross Margin | 74.0% | 73.7% | 74.2% | 0.3pp | -0.2pp |
| Net Margin | -55.4% | -69.4% | -72.0% | 13.9pp | 16.6pp |
| EPS (Diluted) | $-0.33 | $-0.36 | $-0.36 | 8.3% | 8.3% |
| Free Cash Flow | -$7M | -$8M | -$9M | 10.7% | 20.9% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $18M |
| R&D Expenses | $4M |
| Selling & Marketing | $8M |
| General & Administrative | $19M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$13M |
| Interest Income | $1M |
| Interest Expense | $842.0K |
| Other Income/Expenses | $280.0K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $38.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $294.0K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $294.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$161.0K |
| Change in Working Capital | $789.0K |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$111.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | -$49.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $111.0K |
| NET CASH FROM FINANCING | $62.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $31M |
| Net Receivables | $14M |
| Inventory | $17M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $136M |
| PP&E (Net) | $21M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $163M |
| Account Payables | $4M |
| Short-Term Debt | $3M |
| Deferred Revenue | $135.0K |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $87.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $53M |
| TOTAL LIABILITIES | $77M |
| Common Stock | $40.0K |
| Additional Paid-In Capital | $551M |
| Retained Earnings | -$468M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $86M |
| Minority Interest | $0 |
| TOTAL EQUITY | $86M |
| TOTAL LIABILITIES & EQUITY | $163M |
| Total Debt | $56M |
| Net Debt | -$14M |
