| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $5M | $3M | 362.1% | 707.1% |
| Op. Income | -$14M | -$30M | -$30M | 54.5% | 53.9% |
| Gross Margin | 100.0% | 100.0% | 56.6% | 0.0pp | 43.4pp |
| Net Margin | -46.4% | -540.0% | -962.1% | 493.7pp | 915.7pp |
| EPS (Diluted) | $-0.18 | $-0.47 | $-0.60 | 61.7% | 70.0% |
| Free Cash Flow | -$23M | -$22M | -$21M | -7.0% | -11.3% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $23M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $36M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| 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 | $526.0K |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $526.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$200.0K |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$42.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $819.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $567.0K |
| NET CASH FROM FINANCING | $568.0K |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $89M |
| Net Receivables | $700.0K |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $233M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $30M |
| Tax Assets | $0 |
| Other Non-Current Assets | $721.0K |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $272M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $19M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $43M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $720M |
| Retained Earnings | -$491M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$151.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $229M |
| Minority Interest | $0 |
| TOTAL EQUITY | $229M |
| TOTAL LIABILITIES & EQUITY | $272M |
| Total Debt | $2M |
| Net Debt | -$126M |
