| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $3M | -4.4% | -32.6% |
| Op. Income | -$18M | -$17M | -$17M | -6.6% | -7.5% |
| Gross Margin | 44.1% | 50.6% | 31.9% | -6.5pp | 12.2pp |
| Net Margin | -6726.5% | -623.8% | -372.4% | -6102.8pp | -6354.1pp |
| EPS (Diluted) | $-0.80 | $-0.08 | $-0.09 | -916.5% | -793.9% |
| Free Cash Flow | -$10M | -$18M | -$14M | 44.5% | 29.7% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $1M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$18M |
| Interest Income | $2M |
| Interest Expense | $446.0K |
| Other Income/Expenses | -$134M |
| INCOME BEFORE TAX | -$153M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$153M |
| D&A | $2M |
| EBIT | -$153M |
| EBITDA | -$151M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$153M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $135M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$126M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $134M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $124M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $207M |
| PP&E (Net) | $53M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $25M |
| Tax Assets | $0 |
| Other Non-Current Assets | $325.0K |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $285M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $113.0K |
| Other Current Liabilities | $623.0K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $698.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $139M |
| TOTAL NON-CURRENT LIABILITIES | $146M |
| TOTAL LIABILITIES | $158M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $681M |
| Retained Earnings | -$555M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $105.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $127M |
| Minority Interest | $0 |
| TOTAL EQUITY | $127M |
| TOTAL LIABILITIES & EQUITY | $285M |
| Total Debt | $9M |
| Net Debt | -$59M |
