| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $13M | $15M | 5.5% | -12.4% |
| Op. Income | -$65M | -$55M | -$45M | -18.4% | -42.6% |
| Gross Margin | -406.1% | -340.7% | -227.9% | -65.3pp | -178.1pp |
| Net Margin | -440.7% | -388.9% | -276.8% | -51.8pp | -164.0pp |
| EPS (Diluted) | $-0.75 | $-0.67 | $-0.77 | -11.9% | 2.6% |
| Free Cash Flow | -$51M | -$45M | $24M | -14.2% | -311.0% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $67M |
| GROSS PROFIT | -$54M |
| R&D Expenses | $67M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$67M |
| Operating Expenses | $11M |
| Cost & Expenses | $78M |
| OPERATING INCOME | -$65M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$59M |
| Income Tax Expense | $8.0K |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $1M |
| EBIT | -$65M |
| EBITDA | -$63M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $449.0K |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$298M |
| Sales/Maturities of Investments | $160M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$141M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $201M |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $500M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $619M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $669M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $38M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $46M |
| TOTAL LIABILITIES | $142M |
| Common Stock | $76.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$739M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $150.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $527M |
| Minority Interest | $0 |
| TOTAL EQUITY | $527M |
| TOTAL LIABILITIES & EQUITY | $669M |
| Total Debt | $28M |
| Net Debt | -$82M |
