| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | — | $23M | — | -24.7% |
| Op. Income | -$6M | — | -$5M | — | -10.8% |
| Gross Margin | 4.6% | — | 5.9% | — | -1.3pp |
| Net Margin | -31.0% | — | -25.7% | — | -5.3pp |
| EPS (Diluted) | $-96.50 | — | $-107.50 | — | 10.2% |
| Free Cash Flow | -$3M | — | -$3M | — | -5.1% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $795.9K |
| R&D Expenses | $735.4K |
| Selling & Marketing | $1M |
| General & Administrative | $5M |
| SG&A Expenses | $6M |
| Other Expenses | -$20.1K |
| Operating Expenses | $7M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $543.8K |
| Other Income/Expenses | $220.7K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $23.2K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $3M |
| EBIT | -$6M |
| EBITDA | -$3M |
| EPS | -$97 |
| EPS Diluted | -$97 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $397.1K |
| Change in Working Capital | $970.3K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $46.9K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $541.3K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $107.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $227.7K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$711.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $14M |
| Other Current Assets | -$718.0K |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $25M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $51M |
| Account Payables | $6M |
| Short-Term Debt | $31M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $516.9K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $43M |
| Common Stock | $1.8K |
| Additional Paid-In Capital | $24M |
| Retained Earnings | -$17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $3M |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $33M |
| Net Debt | $32M |
