| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $41M | $60M | -12.7% | -41.3% |
| Op. Income | -$13M | -$12M | -$6M | -10.4% | -122.2% |
| Gross Margin | 28.7% | 33.2% | 28.2% | -4.5pp | 0.5pp |
| Net Margin | -32.3% | -24.5% | -5.5% | -7.8pp | -26.8pp |
| EPS (Diluted) | $-0.06 | $-0.05 | $-0.02 | -20.2% | -270.4% |
| Free Cash Flow | -$15M | -$2M | $7M | -559.8% | -299.4% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $10M |
| R&D Expenses | $7M |
| Selling & Marketing | $5M |
| General & Administrative | $11M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$13M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $136.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $2M |
| EBIT | -$13M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $142M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $35M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $258M |
| PP&E (Net) | $6M |
| Goodwill | $117M |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $163M |
| TOTAL ASSETS | $420M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $35M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $53M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $100.0K |
| TOTAL NON-CURRENT LIABILITIES | $60M |
| TOTAL LIABILITIES | $131M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $637M |
| Retained Earnings | -$348M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$98.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $289M |
| Minority Interest | $0 |
| TOTAL EQUITY | $289M |
| TOTAL LIABILITIES & EQUITY | $420M |
| Total Debt | $7M |
| Net Debt | -$135M |
