| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $93M | $92M | $87M | 0.9% | 7.1% |
| Op. Income | -$30M | -$10M | -$15M | -197.1% | -95.5% |
| Gross Margin | 23.3% | 24.0% | 17.8% | -0.7pp | 5.6pp |
| Net Margin | -45.6% | -24.2% | -26.9% | -21.5pp | -18.7pp |
| EPS (Diluted) | $-3.87 | $-2.03 | $-2.14 | -90.6% | -80.8% |
| Free Cash Flow | -$16M | -$19M | -$6M | 13.7% | -189.3% |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $22M |
| R&D Expenses | $4M |
| Selling & Marketing | $11M |
| General & Administrative | $7M |
| SG&A Expenses | $17M |
| Other Expenses | $30M |
| Operating Expenses | $52M |
| Cost & Expenses | $123M |
| OPERATING INCOME | -$30M |
| Interest Income | $773.0K |
| Interest Expense | $15M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $12M |
| EBIT | -$24M |
| EBITDA | -$12M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $504.0K |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $542.0K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $4M |
| Other Current Assets | $106M |
| TOTAL CURRENT ASSETS | $205M |
| PP&E (Net) | $367M |
| Goodwill | $130M |
| Intangible Assets | $25M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $553M |
| TOTAL ASSETS | $759M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $152M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $200M |
| Long-Term Debt | $482M |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $122M |
| TOTAL NON-CURRENT LIABILITIES | $654M |
| TOTAL LIABILITIES | $854M |
| Common Stock | $37M |
| Additional Paid-In Capital | $19M |
| Retained Earnings | -$150M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$964.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$95M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$95M |
| TOTAL LIABILITIES & EQUITY | $759M |
| Total Debt | $513M |
| Net Debt | $456M |
