| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $165M | $139M | $127M | 18.2% | 29.4% |
| Op. Income | -$122M | -$132M | -$122M | 7.4% | -0.2% |
| Gross Margin | 89.8% | 84.9% | 90.5% | 4.8pp | -0.8pp |
| Net Margin | -80.9% | -95.7% | -96.7% | 14.8pp | 15.8pp |
| EPS (Diluted) | $-1.39 | $-1.40 | $-1.52 | 0.7% | 8.6% |
| Free Cash Flow | -$80M | -$69M | -$86M | -16.8% | 6.3% |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $148M |
| R&D Expenses | $188M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $270M |
| Cost & Expenses | $287M |
| OPERATING INCOME | -$122M |
| Interest Income | $10M |
| Interest Expense | $16M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$133M |
| Income Tax Expense | -$19.0K |
| Net Income from Continuing Ops | -$133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$133M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$133M |
| D&A | $9M |
| EBIT | -$118M |
| EBITDA | -$109M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$133M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | -$80M |
| Capital Expenditure | -$654.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $119M |
| Other Investing Activities | -$127.0K |
| NET CASH FROM INVESTING | $103M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $174M |
| Short-Term Investments | $436M |
| Net Receivables | $122M |
| Inventory | $45M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $817M |
| PP&E (Net) | $266M |
| Goodwill | $44M |
| Intangible Assets | $178M |
| Long-Term Investments | $135M |
| Tax Assets | $0 |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $686M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $344M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $837M |
| TOTAL NON-CURRENT LIABILITIES | $897M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $92.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$4.0B |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$643.0K |
| Other Equity | $4M |
| TOTAL STOCKHOLDERS' EQUITY | $255M |
| Minority Interest | $7M |
| TOTAL EQUITY | $262M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $40M |
| Net Debt | -$133M |
