| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $15M | $15M | 10.7% | 15.4% |
| Op. Income | -$51M | -$46M | -$20M | -10.0% | -152.2% |
| Gross Margin | 92.8% | 89.9% | 90.6% | 2.9pp | 2.2pp |
| Net Margin | -283.3% | -236.6% | -197.4% | -46.7pp | -85.8pp |
| EPS (Diluted) | $-0.29 | $-0.22 | $-0.20 | -31.8% | -45.0% |
| Free Cash Flow | -$40M | -$37M | -$23M | -8.1% | -73.0% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $16M |
| R&D Expenses | $41M |
| Selling & Marketing | $1M |
| General & Administrative | $24M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$51M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $951.0K |
| EBIT | -$45M |
| EBITDA | -$44M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $951.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$47.0K |
| Change in Working Capital | $858.0K |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$202.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$202.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $392M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $3M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $441M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $458M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $128.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $69M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $101M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$891M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $315M |
| Minority Interest | $0 |
| TOTAL EQUITY | $315M |
| TOTAL LIABILITIES & EQUITY | $458M |
| Total Debt | $76M |
| Net Debt | -$316M |
