| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $4M | $8M | 94.6% | 3.3% |
| Op. Income | -$14M | -$23M | -$17M | 37.5% | 16.1% |
| Gross Margin | 47.6% | -95.0% | 13.6% | 142.6pp | 34.1pp |
| Net Margin | -186.5% | -562.4% | -214.1% | 375.9pp | 27.5pp |
| EPS (Diluted) | $-0.46 | $-0.77 | $-0.65 | 39.9% | 28.4% |
| Free Cash Flow | -$14M | -$15M | -$15M | 2.3% | 4.8% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $4M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$14M |
| Interest Income | $918.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $0 |
| NET INCOME | -$15M |
| D&A | $766.0K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $766.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $129.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$34.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $48M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $48M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $4M |
| Other Current Assets | $333.0K |
| TOTAL CURRENT ASSETS | $91M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $481.9K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $100M |
| Account Payables | $3M |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $35M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $78M |
| TOTAL LIABILITIES | $117M |
| Common Stock | $595.0K |
| Additional Paid-In Capital | $931M |
| Retained Earnings | -$948M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$17M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$17M |
| TOTAL LIABILITIES & EQUITY | $100M |
| Total Debt | $61M |
| Net Debt | -$14M |
