| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $630M | $471M | — | 33.8% | — |
| Op. Income | -$911M | -$310M | — | -193.7% | — |
| Gross Margin | -79.1% | -24.0% | — | -55.1pp | — |
| Net Margin | -185.3% | -107.3% | — | -78.0pp | — |
| EPS (Diluted) | $-0.50 | $-0.22 | — | -131.2% | — |
| Free Cash Flow | -$195M | -$548M | — | 64.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $630M |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | -$498M |
| R&D Expenses | $102M |
| Selling & Marketing | $103M |
| General & Administrative | $146M |
| SG&A Expenses | $249M |
| Other Expenses | $61M |
| Operating Expenses | $412M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$911M |
| Interest Income | $12M |
| Interest Expense | $76M |
| Other Income/Expenses | -$259M |
| INCOME BEFORE TAX | -$1.2B |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $99M |
| EBIT | -$860M |
| EBITDA | -$761M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $99M |
| Stock-Based Compensation | $412.1K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $723M |
| Change in Working Capital | $386M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$233M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | -$249M |
| Net Debt Issuance | -$187M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$281M |
| NET CASH FROM FINANCING | $371M |
| FREE CASH FLOW | -$195M |
| Net Change in Cash | $152M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $31M |
| Net Receivables | $741M |
| Inventory | $1.1B |
| Other Current Assets | $145M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $3.2B |
| Goodwill | $0 |
| Intangible Assets | $44M |
| Long-Term Investments | $80M |
| Tax Assets | $0 |
| Other Non-Current Assets | $157M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $794M |
| Short-Term Debt | $3.6B |
| Deferred Revenue | $141M |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $104M |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $947M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $9.6B |
| Common Stock | $377M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$10.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6.3B |
| Minority Interest | $2.7B |
| TOTAL EQUITY | -$3.6B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $5.6B |
| Net Debt | $5.5B |
