| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $226M | $173M | $149M | 30.9% | 52.0% |
| Op. Income | -$3M | -$7M | -$42M | 60.6% | 93.8% |
| Gross Margin | 93.3% | 93.7% | 90.6% | -0.4pp | 2.8pp |
| Net Margin | -1.2% | -3.9% | -28.5% | 2.7pp | 27.3pp |
| EPS (Diluted) | $-0.03 | $-0.07 | $-0.50 | 60.1% | 94.0% |
| Free Cash Flow | -$114M | $177M | -$145M | -164.7% | 21.3% |
| Item | Amount |
|---|---|
| REVENUE | $226M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $211M |
| R&D Expenses | $0 |
| Selling & Marketing | $55M |
| General & Administrative | $101M |
| SG&A Expenses | $156M |
| Other Expenses | $57M |
| Operating Expenses | $214M |
| Cost & Expenses | $229M |
| OPERATING INCOME | -$3M |
| Interest Income | $41M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $111.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $5M |
| EBIT | -$3M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$161M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | -$111M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$74M |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | $503M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $509M |
| FREE CASH FLOW | -$114M |
| Net Change in Cash | $320M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $794M |
| Short-Term Investments | $0 |
| Net Receivables | $70M |
| Inventory | $0 |
| Other Current Assets | $188M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $82M |
| Goodwill | $67M |
| Intangible Assets | $9M |
| Long-Term Investments | $849M |
| Tax Assets | $0 |
| Other Non-Current Assets | $278M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $12M |
| Short-Term Debt | $196M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $458M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$411M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $633M |
| Minority Interest | $0 |
| TOTAL EQUITY | $633M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.5B |
| Net Debt | $659M |
