| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $171M | $261M | $316M | -34.6% | -46.0% |
| Op. Income | -$289M | -$1.1B | -$238M | 73.4% | -21.7% |
| Gross Margin | -80.7% | -269.2% | -17.9% | 188.5pp | -62.8pp |
| Net Margin | -183.3% | -462.0% | -51.4% | 278.7pp | -131.9pp |
| EPS (Diluted) | $-5.00 | $-21.13 | $-2.85 | 76.3% | -75.4% |
| Free Cash Flow | $79.0K | -$111M | -$180M | 100.1% | 100.0% |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $308M |
| GROSS PROFIT | -$138M |
| R&D Expenses | $62M |
| Selling & Marketing | $31M |
| General & Administrative | $36M |
| SG&A Expenses | $67M |
| Other Expenses | $22M |
| Operating Expenses | $151M |
| Cost & Expenses | $460M |
| OPERATING INCOME | -$289M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$302M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | -$313M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$313M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$313M |
| D&A | $13M |
| EBIT | -$514M |
| EBITDA | -$502M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$313M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$622.0K |
| Other Non-Cash Items | $119M |
| Change in Working Capital | $169M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $9M |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $131M |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | $98M |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | $121.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $35M |
| NET CASH FROM FINANCING | -$256.0K |
| FREE CASH FLOW | $79.0K |
| Net Change in Cash | $106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $311M |
| Net Receivables | $342M |
| Inventory | $646M |
| Other Current Assets | $435M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $385M |
| Goodwill | $48M |
| Intangible Assets | $10M |
| Long-Term Investments | $64M |
| Tax Assets | $0 |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $596M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $93M |
| Short-Term Debt | $346M |
| Deferred Revenue | $141M |
| Other Current Liabilities | $144M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $330M |
| Deferred Revenue NC | $231M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $301M |
| TOTAL NON-CURRENT LIABILITIES | $931M |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | -$76M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $658M |
| Minority Interest | $0 |
| TOTAL EQUITY | $658M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $757M |
| Net Debt | $483M |
