| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76M | $76M | $76M | 0.7% | 0.8% |
| Op. Income | -$8M | -$14M | -$16M | 43.8% | 52.5% |
| Gross Margin | 22.5% | 19.2% | 20.1% | 3.3pp | 2.5pp |
| Net Margin | -17.5% | -24.9% | -32.7% | 7.4pp | 15.2pp |
| EPS (Diluted) | $-3.55 | $-4.94 | $-7.02 | 28.1% | 49.4% |
| Free Cash Flow | -$8M | -$11M | -$31M | 28.8% | 74.5% |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $84M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $200.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $30M |
| EBIT | -$7M |
| EBITDA | $24M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $700.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $134M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $4M |
| Tax Assets | $270M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $416M |
| TOTAL ASSETS | $510M |
| Account Payables | $13M |
| Short-Term Debt | $6M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $334M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $270M |
| Other Non-Current Liabilities | $400.0K |
| TOTAL NON-CURRENT LIABILITIES | $645M |
| TOTAL LIABILITIES | $692M |
| Common Stock | $0 |
| Additional Paid-In Capital | $941M |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$183M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$183M |
| TOTAL LIABILITIES & EQUITY | $510M |
| Total Debt | $381M |
| Net Debt | $303M |
