| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $29M | $31M | 2.8% | -3.4% |
| Op. Income | -$22M | -$24M | -$37M | 8.3% | 41.5% |
| Gross Margin | 36.5% | 34.3% | 25.3% | 2.2pp | 11.2pp |
| Net Margin | -87.0% | -97.5% | -126.5% | 10.5pp | 39.5pp |
| EPS (Diluted) | $-7.35 | $-8.30 | $-0.77 | 11.4% | -854.5% |
| Free Cash Flow | -$17M | -$21M | -$25M | 21.1% | 35.2% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $11M |
| R&D Expenses | $8M |
| Selling & Marketing | $15M |
| General & Administrative | $9M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$22M |
| Interest Income | $2M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $1M |
| EBIT | -$20M |
| EBITDA | -$18M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $715.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$43.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $114M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $108M |
| Net Debt Issuance | $66M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$938.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $91M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $124M |
| Short-Term Investments | $35M |
| Net Receivables | $36M |
| Inventory | $59M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $258M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $276M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $197M |
| Deferred Revenue NC | $844.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $204M |
| TOTAL LIABILITIES | $249M |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $42.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $276M |
| Total Debt | $202M |
| Net Debt | $78M |
