| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $35M | $74M | 150.3% | 19.1% |
| Op. Income | -$21M | -$68M | -$30M | 69.7% | 30.1% |
| Gross Margin | 72.6% | 50.2% | 77.6% | 22.4pp | -5.0pp |
| Net Margin | -45.5% | -108.1% | -41.4% | 62.5pp | -4.2pp |
| EPS (Diluted) | $-0.55 | $-0.52 | $-0.43 | -5.8% | -27.9% |
| Free Cash Flow | -$32M | -$35M | -$40M | 7.5% | 19.5% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $64M |
| R&D Expenses | $49M |
| Selling & Marketing | $10M |
| General & Administrative | $26M |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$21M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $963.0K |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $2M |
| EBIT | -$21M |
| EBITDA | -$19M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$873.0K |
| Acquisitions (Net) | -$72.0K |
| Purchases of Investments | -$64M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | -$15.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$43.0K |
| NET CASH FROM FINANCING | $119.0K |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $147M |
| Short-Term Investments | $205M |
| Net Receivables | $255M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $635M |
| PP&E (Net) | $136M |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $43M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $188M |
| TOTAL ASSETS | $823M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $112M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $192M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $109M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $146.0K |
| TOTAL NON-CURRENT LIABILITIES | $210M |
| TOTAL LIABILITIES | $402M |
| Common Stock | $729.0K |
| Additional Paid-In Capital | $946M |
| Retained Earnings | -$526M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $220.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $421M |
| Minority Interest | $0 |
| TOTAL EQUITY | $421M |
| TOTAL LIABILITIES & EQUITY | $823M |
| Total Debt | $118M |
| Net Debt | -$29M |
