| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $81M | $67M | 4.0% | 26.5% |
| Op. Income | -$36M | -$89M | -$50M | 59.5% | 28.1% |
| Gross Margin | 45.1% | 43.3% | 36.6% | 1.8pp | 8.5pp |
| Net Margin | -40.9% | -105.0% | -69.1% | 64.1pp | 28.2pp |
| EPS (Diluted) | $-0.60 | $-1.47 | $-0.81 | 59.2% | 25.9% |
| Free Cash Flow | -$17M | -$7M | -$23M | -135.9% | 25.0% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $38M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $121M |
| OPERATING INCOME | -$36M |
| Interest Income | $4M |
| Interest Expense | $29.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | -$96.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$192.0K |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $7M |
| EBIT | -$35M |
| EBITDA | -$28M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $226M |
| Short-Term Investments | $50M |
| Net Receivables | $35M |
| Inventory | $24M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $347M |
| PP&E (Net) | $161M |
| Goodwill | $86M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $268M |
| TOTAL ASSETS | $614M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $407.0K |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $142M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$522.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $473M |
| Minority Interest | $0 |
| TOTAL EQUITY | $473M |
| TOTAL LIABILITIES & EQUITY | $614M |
| Total Debt | $85M |
| Net Debt | -$141M |
