| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $12M | $12M | -16.5% | -22.5% |
| Op. Income | -$21M | -$22M | -$20M | 7.9% | -2.1% |
| Gross Margin | 100.0% | 100.0% | -99.7% | 0.0pp | 199.7pp |
| Net Margin | -243.4% | -163.0% | -155.6% | -80.3pp | -87.8pp |
| EPS (Diluted) | $-0.63 | $-0.51 | $-0.51 | -23.5% | -23.5% |
| Free Cash Flow | -$27M | -$28M | -$22M | 4.4% | -19.2% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $10M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$21M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $1M |
| EBIT | -$21M |
| EBITDA | -$19M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$334.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $221M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $258M |
| PP&E (Net) | $58M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $67M |
| TOTAL ASSETS | $325M |
| Account Payables | $533.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $23M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $90M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $457M |
| Retained Earnings | -$223M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $709.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $235M |
| Minority Interest | $0 |
| TOTAL EQUITY | $235M |
| TOTAL LIABILITIES & EQUITY | $325M |
| Total Debt | $46M |
| Net Debt | $18M |
