| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $8M | $6M | 8.1% | 29.7% |
| Op. Income | -$10M | -$12M | -$12M | 15.0% | 16.1% |
| Gross Margin | 11.9% | 8.2% | -2.7% | 3.8pp | 14.7pp |
| Net Margin | -117.6% | -148.9% | -176.3% | 31.3pp | 58.7pp |
| EPS (Diluted) | $-0.22 | $-0.26 | $-0.26 | 15.4% | 15.4% |
| Free Cash Flow | -$10M | -$9M | -$10M | -13.4% | -0.9% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $981.0K |
| R&D Expenses | $3M |
| Selling & Marketing | $3M |
| General & Administrative | $5M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$10M |
| Interest Income | $575.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $554.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$9.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $869.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $869.0K |
| Stock-Based Compensation | $689.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $274.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$98.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | -$6.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6.0K |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $34M |
| Net Receivables | $8M |
| Inventory | $20M |
| Other Current Assets | $843.0K |
| TOTAL CURRENT ASSETS | $81M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $896.0K |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $98M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $298.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $23M |
| Common Stock | $430.0K |
| Additional Paid-In Capital | $550M |
| Retained Earnings | -$475M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $39.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | $0 |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $98M |
| Total Debt | $6M |
| Net Debt | -$11M |
