| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $99M | $90M | $70M | 10.0% | 42.9% |
| Op. Income | -$24M | -$13M | -$33M | -91.0% | 25.7% |
| Gross Margin | 77.1% | 77.0% | 64.0% | 0.1pp | 13.1pp |
| Net Margin | -23.9% | -15.8% | -51.3% | -8.2pp | 27.3pp |
| EPS (Diluted) | $-0.49 | $-0.30 | $-0.71 | -63.3% | 31.0% |
| Free Cash Flow | -$5M | -$6M | -$22M | 17.9% | 76.5% |
| Item | Amount |
|---|---|
| REVENUE | $99M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $77M |
| R&D Expenses | $44M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | $0 |
| Operating Expenses | $101M |
| Cost & Expenses | $124M |
| OPERATING INCOME | -$24M |
| Interest Income | $3M |
| Interest Expense | $4M |
| Other Income/Expenses | -$144.0K |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$576.0K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $6M |
| EBIT | -$21M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$20.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $641.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$466.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $223M |
| Short-Term Investments | $58M |
| Net Receivables | $78M |
| Inventory | $22M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $393M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $250M |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $278M |
| TOTAL ASSETS | $671M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $308M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $319M |
| TOTAL LIABILITIES | $445M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $870M |
| Retained Earnings | -$644M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$373.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $226M |
| Minority Interest | $0 |
| TOTAL EQUITY | $226M |
| TOTAL LIABILITIES & EQUITY | $671M |
| Total Debt | $318M |
| Net Debt | $95M |
