| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $28M | $24M | 7.2% | 23.1% |
| Op. Income | -$26M | -$28M | -$37M | 6.9% | 31.4% |
| Gross Margin | 43.8% | 38.3% | 22.1% | 5.5pp | 21.7pp |
| Net Margin | -78.9% | -91.1% | -159.5% | 12.3pp | 80.6pp |
| EPS (Diluted) | $-0.48 | $-0.54 | $-0.95 | 11.1% | 49.5% |
| Free Cash Flow | -$4M | -$4M | -$25M | 7.5% | 83.7% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $13M |
| R&D Expenses | $15M |
| Selling & Marketing | $7M |
| General & Administrative | $17M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$26M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $320.0K |
| NET INCOME | -$24M |
| D&A | $3M |
| EBIT | -$23M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $208.0K |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$59M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $813.0K |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $126M |
| Net Receivables | $23M |
| Inventory | $16M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $220M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $276M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $39M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $78M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $95M |
| Common Stock | $47.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$913M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $181M |
| Minority Interest | $0 |
| TOTAL EQUITY | $181M |
| TOTAL LIABILITIES & EQUITY | $276M |
| Total Debt | $20M |
| Net Debt | -$25M |
