| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $33M | $24M | 25.8% | 72.6% |
| Op. Income | -$41M | -$44M | -$41M | 6.0% | 0.0% |
| Gross Margin | 90.9% | 88.5% | 86.7% | 2.5pp | 4.3pp |
| Net Margin | -103.5% | -131.2% | -171.8% | 27.8pp | 68.3pp |
| EPS (Diluted) | $-0.72 | $-0.71 | $-0.70 | -1.4% | -2.9% |
| Free Cash Flow | -$19M | -$25M | -$29M | 25.3% | 35.9% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $38M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $79M |
| Cost & Expenses | $83M |
| OPERATING INCOME | -$41M |
| Interest Income | $4M |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | -$90.0K |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $4M |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $383.0K |
| EBIT | -$38M |
| EBITDA | -$38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $383.0K |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$818.0K |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89M |
| Short-Term Investments | $231M |
| Net Receivables | $19M |
| Inventory | $19M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $374M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $392M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $108M |
| TOTAL NON-CURRENT LIABILITIES | $112M |
| TOTAL LIABILITIES | $228M |
| Common Stock | $61.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $165M |
| Minority Interest | $0 |
| TOTAL EQUITY | $165M |
| TOTAL LIABILITIES & EQUITY | $392M |
| Total Debt | $4M |
| Net Debt | -$85M |
