| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $48M | $13M | 38.0% | 407.9% |
| Op. Income | -$24M | -$25M | -$44M | 2.9% | 45.1% |
| Gross Margin | 92.6% | 93.3% | 90.7% | -0.7pp | 1.9pp |
| Net Margin | -34.8% | -48.7% | -320.4% | 13.9pp | 285.6pp |
| EPS (Diluted) | $-0.60 | $-0.61 | $-1.31 | 1.6% | 54.2% |
| Free Cash Flow | -$27M | -$9M | -$39M | -205.1% | 30.7% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $61M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $86M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$24M |
| Interest Income | $4M |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $432.0K |
| EBIT | -$21M |
| EBITDA | -$20M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $432.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | -$32M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $32M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $197M |
| Net Receivables | $48M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $357M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $377M |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $72M |
| TOTAL LIABILITIES | $152M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $585M |
| Retained Earnings | -$360M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $179.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $225M |
| Minority Interest | $0 |
| TOTAL EQUITY | $225M |
| TOTAL LIABILITIES & EQUITY | $377M |
| Total Debt | $72M |
| Net Debt | -$22M |
