| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $213M | $197M | $307M | 8.3% | -30.6% |
| Op. Income | -$162M | -$55M | $3M | -197.9% | -5304.8% |
| Gross Margin | 92.4% | 94.5% | 65.4% | -2.1pp | 27.0pp |
| Net Margin | -30.9% | -54.2% | -50.7% | 23.3pp | 19.8pp |
| EPS (Diluted) | $-0.85 | $-1.39 | $-2.06 | 38.8% | 58.7% |
| Free Cash Flow | -$37M | -$88M | -$129M | 58.4% | 71.6% |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $197M |
| R&D Expenses | $125M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $85M |
| Other Expenses | $150M |
| Operating Expenses | $359M |
| Cost & Expenses | $376M |
| OPERATING INCOME | -$162M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | $68M |
| INCOME BEFORE TAX | -$95M |
| Income Tax Expense | -$29M |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$66M |
| D&A | $7M |
| EBIT | -$54M |
| EBITDA | -$47M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$66M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$56M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$141M |
| Sales/Maturities of Investments | $265M |
| Other Investing Activities | $147M |
| NET CASH FROM INVESTING | $268M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $256M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $780M |
| Short-Term Investments | $360M |
| Net Receivables | $159M |
| Inventory | $23M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $118M |
| Goodwill | $82M |
| Intangible Assets | $119M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $339M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $17M |
| Short-Term Debt | $258M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $120M |
| TOTAL CURRENT LIABILITIES | $581M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $77.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.1B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $2.5B |
| Net Debt | $1.7B |
