| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $70M | $58M | 9.6% | 31.3% |
| Op. Income | $26M | $13M | $8M | 107.6% | 237.2% |
| Gross Margin | 74.5% | 74.3% | 69.1% | 0.2pp | 5.4pp |
| Net Margin | 9.7% | 16.5% | 2.4% | -6.8pp | 7.3pp |
| EPS (Diluted) | $0.03 | $0.04 | $0.00 | -37.2% | 493.0% |
| Free Cash Flow | $20M | $8M | $16M | 149.5% | 25.0% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $57M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | -$4M |
| Operating Expenses | $31M |
| Cost & Expenses | $50M |
| OPERATING INCOME | $26M |
| Interest Income | $3M |
| Interest Expense | $7M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $3M |
| EBIT | $16M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $57M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | -$4M |
| Operating Expenses | $31M |
| Cost & Expenses | $50M |
| OPERATING INCOME | $26M |
| Interest Income | $3M |
| Interest Expense | $7M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $3M |
| EBIT | $16M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $48M |
| Net Debt Issuance | -$88M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$87M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $151M |
| Net Receivables | $12M |
| Inventory | $28M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $268M |
| PP&E (Net) | $85M |
| Goodwill | $2M |
| Intangible Assets | $5M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $126M |
| TOTAL ASSETS | $394M |
| Account Payables | $7M |
| Short-Term Debt | $13M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $39M |
| Deferred Revenue NC | $51M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $196M |
| TOTAL NON-CURRENT LIABILITIES | $391M |
| TOTAL LIABILITIES | $473M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$79M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$79M |
| TOTAL LIABILITIES & EQUITY | $394M |
| Total Debt | $157M |
| Net Debt | $111M |
