| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $40M | $58M | -1.9% | -32.8% |
| Op. Income | -$153M | -$64M | -$88M | -138.8% | -74.8% |
| Gross Margin | 25.6% | 25.0% | 16.4% | 0.6pp | 9.2pp |
| Net Margin | 6.0% | -151.9% | -140.5% | 158.0pp | 146.6pp |
| EPS (Diluted) | $0.01 | $-0.22 | $-0.31 | 103.5% | 102.5% |
| Free Cash Flow | -$32M | -$45M | -$60M | 27.8% | 45.9% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $10M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $94M |
| Operating Expenses | $163M |
| Cost & Expenses | $192M |
| OPERATING INCOME | -$153M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $156M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $316.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $11M |
| EBIT | $5M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$205.0K |
| Other Non-Cash Items | -$68M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$80M |
| Sales/Maturities of Investments | $140M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $58M |
| Net Debt Issuance | $490.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$51M |
| NET CASH FROM FINANCING | -$50M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $335M |
| Net Receivables | $28M |
| Inventory | $59M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $496M |
| PP&E (Net) | $47M |
| Goodwill | $318M |
| Intangible Assets | $390M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $765M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $14M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $647M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $688M |
| TOTAL LIABILITIES | $754M |
| Common Stock | $294.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $422.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $507M |
| Minority Interest | $0 |
| TOTAL EQUITY | $507M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $672M |
| Net Debt | $617M |
