| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $159M | $148M | $154M | 7.1% | 2.9% |
| Op. Income | -$14M | -$25M | -$10M | 42.7% | -41.2% |
| Gross Margin | 83.6% | 83.8% | 87.4% | -0.2pp | -3.9pp |
| Net Margin | -8.2% | -12.4% | -0.6% | 4.2pp | -7.6pp |
| EPS (Diluted) | $-0.12 | $-0.16 | $0.05 | 25.0% | -341.0% |
| Free Cash Flow | $20M | $21M | $8M | -6.3% | 140.2% |
| Item | Amount |
|---|---|
| REVENUE | $159M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $132M |
| R&D Expenses | $51M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $96M |
| Other Expenses | $0 |
| Operating Expenses | $147M |
| Cost & Expenses | $173M |
| OPERATING INCOME | -$14M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $3M |
| EBIT | -$10M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$388M |
| Sales/Maturities of Investments | $273M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$119M |
| Net Debt Issuance | -$464.0K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $383M |
| Net Receivables | $237M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $844M |
| PP&E (Net) | $76M |
| Goodwill | $23M |
| Intangible Assets | $0 |
| Long-Term Investments | $662M |
| Tax Assets | $0 |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $820M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $4M |
| Short-Term Debt | $251M |
| Deferred Revenue | $290M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $710M |
| Long-Term Debt | $450M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $499M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $113.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$740M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $456M |
| Minority Interest | $0 |
| TOTAL EQUITY | $456M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $754M |
| Net Debt | $569M |
