| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $63M | $41M | -3.1% | 48.0% |
| Op. Income | -$44M | -$40M | -$34M | -11.2% | -30.7% |
| Gross Margin | -31.8% | -21.7% | -2.4% | -10.1pp | -29.4pp |
| Net Margin | -36.6% | -40.5% | -39.5% | 3.9pp | 2.8pp |
| EPS (Diluted) | $-0.14 | $-0.16 | $-0.09 | 12.5% | -53.0% |
| Free Cash Flow | -$11M | -$53M | -$87M | 79.0% | 87.1% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $80M |
| GROSS PROFIT | -$19M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $4M |
| Operating Expenses | $25M |
| Cost & Expenses | $105M |
| OPERATING INCOME | -$44M |
| Interest Income | $10M |
| Interest Expense | $7M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | -$12M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $22M |
| EBIT | -$27M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$417M |
| Sales/Maturities of Investments | $437M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$794.0K |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $282M |
| Short-Term Investments | $568M |
| Net Receivables | $62M |
| Inventory | $108M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $57M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $909M |
| Deferred Revenue NC | $63M |
| Deferred Tax Liabilities | $111M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $961M |
| Retained Earnings | $320M |
| Treasury Stock | -$227M |
| Accum. Other Comp. Income | $173.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $915M |
| Net Debt | $632M |
