| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $62M | $0 | 66.2% | — |
| Op. Income | -$67M | -$116M | -$117M | 42.4% | 42.8% |
| Gross Margin | 96.7% | 96.5% | — | 0.1pp | — |
| Net Margin | -57.5% | -172.0% | — | 114.5pp | — |
| EPS (Diluted) | $-2.71 | $-4.92 | $-5.68 | 44.9% | 52.3% |
| Free Cash Flow | -$105M | -$68M | -$81M | -54.5% | -29.3% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $100M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $167M |
| Cost & Expenses | $170M |
| OPERATING INCOME | -$67M |
| Interest Income | $11M |
| Interest Expense | $3M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$59M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $363.0K |
| EBIT | -$56M |
| EBITDA | -$56M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $363.0K |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $540.0K |
| Change in Working Capital | -$64M |
| OPERATING CASH FLOW | -$104M |
| Capital Expenditure | -$195.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$350M |
| Sales/Maturities of Investments | $302M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$105M |
| Net Change in Cash | -$133M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $826M |
| Net Receivables | $54M |
| Inventory | $34M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $169M |
| Long-Term Debt | $118M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $119M |
| TOTAL LIABILITIES | $288M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $468.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $754M |
| Minority Interest | $0 |
| TOTAL EQUITY | $754M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $120M |
| Net Debt | $20M |
