| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $85M | $291M | 4.5% | -69.7% |
| Op. Income | -$131M | -$134M | -$184M | 2.2% | 28.6% |
| Gross Margin | 58.5% | 28.3% | 48.9% | 30.2pp | 9.6pp |
| Net Margin | -91.8% | -143.5% | -61.2% | 51.8pp | -30.5pp |
| EPS (Diluted) | $-0.51 | $-0.76 | $-1.44 | 32.9% | 64.6% |
| Free Cash Flow | -$175M | -$147M | -$186M | -19.5% | 5.6% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $52M |
| R&D Expenses | $104M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $183M |
| Cost & Expenses | $219M |
| OPERATING INCOME | -$131M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $57M |
| INCOME BEFORE TAX | -$74M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$81M |
| D&A | $13M |
| EBIT | -$66M |
| EBITDA | -$53M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$81M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$66M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | -$173M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$384M |
| Sales/Maturities of Investments | $338M |
| Other Investing Activities | $193M |
| NET CASH FROM INVESTING | $144M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$666.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$175M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $530M |
| Short-Term Investments | $393M |
| Net Receivables | $108M |
| Inventory | $9M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $300M |
| Goodwill | $107M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $431M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $675M |
| Other Current Liabilities | $280M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $447M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $360M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | -$5.0B |
| Treasury Stock | -$96M |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$624M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$624M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $230M |
| Net Debt | -$300M |
