| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $111M | $11M | -84.0% | 65.4% |
| Op. Income | -$53M | $54M | -$49M | -197.5% | -7.1% |
| Gross Margin | 69.0% | 61.7% | -343.2% | 7.3pp | 412.3pp |
| Net Margin | -87.0% | 50.9% | -429.8% | -137.8pp | 342.8pp |
| EPS (Diluted) | $-0.25 | $0.90 | $-0.74 | -127.8% | 66.2% |
| Free Cash Flow | -$39M | $60M | -$29M | -165.5% | -36.2% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $12M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | -$2M |
| Operating Expenses | $65M |
| Cost & Expenses | $71M |
| OPERATING INCOME | -$53M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $944.0K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $2M |
| EBIT | -$15M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$39M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$620.0K |
| Acquisitions (Net) | $40M |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $41M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4.0K |
| NET CASH FROM FINANCING | $155.0K |
| FREE CASH FLOW | -$39M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $183M |
| Short-Term Investments | $19M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $217M |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $262M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $56M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $146M |
| Common Stock | $628.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $116M |
| Minority Interest | $0 |
| TOTAL EQUITY | $116M |
| TOTAL LIABILITIES & EQUITY | $262M |
| Total Debt | $37M |
| Net Debt | -$145M |
