| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $6M | $21M | 1501.8% | 327.8% |
| Op. Income | -$22M | -$30M | -$16M | 28.3% | -33.9% |
| Gross Margin | 46.5% | -57.0% | 13.0% | 103.6pp | 33.6pp |
| Net Margin | 53.0% | -1408.2% | -133.4% | 1461.2pp | 186.4pp |
| EPS (Diluted) | $0.10 | $-0.16 | $-0.16 | 160.5% | 160.5% |
| Free Cash Flow | -$26M | -$22M | -$12M | -18.6% | -112.3% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $16M |
| General & Administrative | $47M |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $110M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $68M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | -$11.0K |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $2M |
| EBIT | $55M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | -$1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$65M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$113.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$54M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $52M |
| Inventory | $22M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $96M |
| PP&E (Net) | $9M |
| Goodwill | $18M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $144M |
| Account Payables | $8M |
| Short-Term Debt | $2M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $146M |
| Deferred Revenue NC | $918.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $163M |
| TOTAL LIABILITIES | $242M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $314M |
| Retained Earnings | -$411M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $165.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$98M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$98M |
| TOTAL LIABILITIES & EQUITY | $144M |
| Total Debt | $153M |
| Net Debt | $140M |
