| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $48M | $45M | 11.6% | 17.5% |
| Op. Income | -$10M | -$11M | -$7M | 6.6% | -44.9% |
| Gross Margin | 95.1% | 94.6% | 92.4% | 0.5pp | 2.8pp |
| Net Margin | -9.2% | -11.2% | -5.3% | 1.9pp | -3.9pp |
| EPS (Diluted) | $-0.08 | $-0.09 | $-0.04 | 7.5% | -102.6% |
| Free Cash Flow | -$2M | -$15M | -$4M | 86.2% | 49.0% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $51M |
| R&D Expenses | $20M |
| Selling & Marketing | $2M |
| General & Administrative | $37M |
| SG&A Expenses | $39M |
| Other Expenses | $2M |
| Operating Expenses | $61M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $2M |
| EBIT | -$10M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$545.0K |
| Change in Working Capital | $718.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$214.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$92M |
| Sales/Maturities of Investments | $97M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$155.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$155.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $272M |
| Net Receivables | $47M |
| Inventory | $2M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $439M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $114M |
| Long-Term Investments | $0 |
| Tax Assets | $81M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $217M |
| TOTAL ASSETS | $656M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $118M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $713M |
| Retained Earnings | -$174M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $74.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $539M |
| Minority Interest | $0 |
| TOTAL EQUITY | $539M |
| TOTAL LIABILITIES & EQUITY | $656M |
| Total Debt | $12M |
| Net Debt | -$90M |
