| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $132M | $105M | $60M | 26.3% | 120.7% |
| Op. Income | -$52M | -$52M | -$48M | 0.7% | -7.7% |
| Gross Margin | 27.8% | 26.7% | 25.5% | 1.1pp | 2.3pp |
| Net Margin | -39.5% | -49.6% | -84.2% | 10.0pp | 44.6pp |
| EPS (Diluted) | $-0.10 | $-0.10 | $-0.10 | 0.0% | 0.0% |
| Free Cash Flow | -$24M | -$42M | -$53M | 42.9% | 54.5% |
| Item | Amount |
|---|---|
| REVENUE | $132M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $37M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $184M |
| OPERATING INCOME | -$52M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$121.0K |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | $675.0K |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $9M |
| EBIT | -$50M |
| EBITDA | -$41M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $786.0K |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $183.0K |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $271M |
| Short-Term Investments | $148M |
| Net Receivables | $112M |
| Inventory | $119M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $693M |
| PP&E (Net) | $263M |
| Goodwill | $71M |
| Intangible Assets | $59M |
| Long-Term Investments | $61M |
| Tax Assets | $3M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $492M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $53M |
| Short-Term Debt | $12M |
| Deferred Revenue | $216M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $340M |
| Long-Term Debt | $389M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $891.0K |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $462M |
| TOTAL LIABILITIES | $802M |
| Common Stock | $50.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$814M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $382M |
| Minority Interest | $0 |
| TOTAL EQUITY | $382M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $468M |
| Net Debt | $197M |
