| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $58M | $44M | 16.9% | 56.6% |
| Op. Income | -$20M | -$22M | -$30M | 12.1% | 33.3% |
| Gross Margin | 64.0% | 63.2% | 48.8% | 0.8pp | 15.2pp |
| Net Margin | -27.6% | -35.9% | -63.1% | 8.3pp | 35.5pp |
| EPS (Diluted) | $-0.35 | $-0.40 | $-0.54 | 12.5% | 35.2% |
| Free Cash Flow | -$34M | -$19M | -$34M | -76.2% | -0.2% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $44M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $88M |
| OPERATING INCOME | -$20M |
| Interest Income | $3M |
| Interest Expense | $969.0K |
| Other Income/Expenses | $854.0K |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $1M |
| EBIT | -$18M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $888.0K |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $171M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | $137M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $334M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $56M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $482M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $932.0K |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $534M |
| Account Payables | $10M |
| Short-Term Debt | $2M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $51M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $324.0K |
| TOTAL NON-CURRENT LIABILITIES | $79M |
| TOTAL LIABILITIES | $132M |
| Common Stock | $0 |
| Additional Paid-In Capital | $948M |
| Retained Earnings | -$546M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $114.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $402M |
| Minority Interest | $0 |
| TOTAL EQUITY | $402M |
| TOTAL LIABILITIES & EQUITY | $534M |
| Total Debt | $80M |
| Net Debt | -$253M |
