| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $150M | $70M | -20.0% | 71.1% |
| Op. Income | -$13M | -$9M | -$23M | -55.0% | 41.2% |
| Gross Margin | 12.4% | 13.8% | 19.0% | -1.4pp | -6.5pp |
| Net Margin | -8.9% | -4.0% | -27.2% | -4.9pp | 18.3pp |
| EPS (Diluted) | $-0.13 | $-0.08 | $-0.24 | -76.9% | 43.9% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $15M |
| R&D Expenses | $6M |
| Selling & Marketing | $20M |
| General & Administrative | $3M |
| SG&A Expenses | $23M |
| Other Expenses | -$56.7K |
| Operating Expenses | $28M |
| Cost & Expenses | $133M |
| OPERATING INCOME | -$13M |
| Interest Income | $1M |
| Interest Expense | $233.6K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $0 |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $855.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $40M |
| Net Receivables | $19M |
| Inventory | $95M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $317M |
| PP&E (Net) | $58M |
| Goodwill | $0 |
| Intangible Assets | $152.5K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $65M |
| TOTAL ASSETS | $382M |
| Account Payables | $127M |
| Short-Term Debt | $29M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $241M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $477.7K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $246M |
| Common Stock | $14.7K |
| Additional Paid-In Capital | $291M |
| Retained Earnings | -$154M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$457.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $136M |
| Minority Interest | $0 |
| TOTAL EQUITY | $136M |
| TOTAL LIABILITIES & EQUITY | $382M |
| Total Debt | $29M |
| Net Debt | -$63M |
