| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $476M | $440M | $311M | 8.3% | 53.0% |
| Op. Income | -$65M | -$39M | -$85M | -64.6% | 23.4% |
| Gross Margin | 62.9% | 61.8% | 51.4% | 1.1pp | 11.6pp |
| Net Margin | -11.3% | -7.2% | -25.1% | -4.1pp | 13.8pp |
| EPS (Diluted) | $-0.41 | $-0.26 | $-0.65 | -57.7% | 36.9% |
| Free Cash Flow | $35M | $35M | -$68M | -2.0% | 151.4% |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $176M |
| GROSS PROFIT | $300M |
| R&D Expenses | $129M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $235M |
| Other Expenses | $0 |
| Operating Expenses | $364M |
| Cost & Expenses | $541M |
| OPERATING INCOME | -$65M |
| Interest Income | $11M |
| Interest Expense | $1M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $8M |
| EBIT | -$54M |
| EBITDA | -$46M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $72M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$82.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $946M |
| Short-Term Investments | $23M |
| Net Receivables | $314M |
| Inventory | $45M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $248M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $285M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $35M |
| Short-Term Debt | $80M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $344M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $465M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$344.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $187M |
| Net Debt | -$758M |
