| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $54M | $75M | $47M | -27.4% | 14.5% |
| Op. Income | -$8M | -$4M | -$36M | -136.7% | 76.5% |
| Gross Margin | 23.2% | 26.5% | 19.0% | -3.3pp | 4.2pp |
| Net Margin | -18.0% | -2.6% | -71.5% | -15.4pp | 53.5pp |
| EPS (Diluted) | $-0.12 | $-0.03 | $-0.45 | -380.0% | 73.3% |
| Free Cash Flow | -$5M | -$4M | -$9M | -41.2% | 46.2% |
| Item | Amount |
|---|---|
| REVENUE | $54M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $13M |
| R&D Expenses | $743.0K |
| Selling & Marketing | $1M |
| General & Administrative | $19M |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$8M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$105.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $2M |
| EBIT | -$8M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$105.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $230.0K |
| OPERATING CASH FLOW | $13.0K |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $7.0K |
| Purchases of Investments | -$489.0K |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $109M |
| Net Receivables | $22M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $161M |
| PP&E (Net) | $40M |
| Goodwill | $41M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $96M |
| TOTAL ASSETS | $257M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $185.0K |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $407M |
| Retained Earnings | -$187M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $222M |
| Minority Interest | $0 |
| TOTAL EQUITY | $222M |
| TOTAL LIABILITIES & EQUITY | $257M |
| Total Debt | $9M |
| Net Debt | -$9M |
