| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $72M | $105M | -0.6% | -32.1% |
| Op. Income | -$14M | -$6M | -$10M | -141.4% | -44.9% |
| Gross Margin | 38.2% | 40.6% | 30.2% | -2.3pp | 8.1pp |
| Net Margin | -26.5% | -13.7% | -12.9% | -12.8pp | -13.6pp |
| EPS (Diluted) | $-3.95 | $-2.06 | $-3.00 | -91.9% | -31.8% |
| Free Cash Flow | $10M | -$10M | $13M | 192.8% | -23.8% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $27M |
| R&D Expenses | $9M |
| Selling & Marketing | $15M |
| General & Administrative | $17M |
| SG&A Expenses | $32M |
| Other Expenses | $116.0K |
| Operating Expenses | $41M |
| Cost & Expenses | $85M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$862.0K |
| 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 | $2M |
| EBIT | -$16M |
| EBITDA | -$14M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $980.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$844.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$844.0K |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $28M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $132M |
| PP&E (Net) | $21M |
| Goodwill | $13M |
| Intangible Assets | $2M |
| Long-Term Investments | $2M |
| Tax Assets | $734.0K |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $188M |
| Account Payables | $26M |
| Short-Term Debt | $109M |
| Deferred Revenue | $79M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $250M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $38M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $59M |
| TOTAL LIABILITIES | $309M |
| Common Stock | $959.0K |
| Additional Paid-In Capital | $707M |
| Retained Earnings | -$827M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$121M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$121M |
| TOTAL LIABILITIES & EQUITY | $188M |
| Total Debt | $120M |
| Net Debt | $94M |
