| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $25M | $90M | -74.5% | -93.0% |
| Op. Income | -$38M | -$14M | $54M | -177.9% | -170.8% |
| Gross Margin | 100.0% | 100.0% | 98.5% | 0.0pp | 1.5pp |
| Net Margin | -549.3% | -36.7% | 62.6% | -512.6pp | -611.9pp |
| EPS (Diluted) | $-0.59 | $-0.16 | $1.25 | -268.7% | -147.2% |
| Free Cash Flow | -$15M | -$28M | -$25M | 48.0% | 40.1% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $6M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$38M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $584.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $1M |
| EBIT | -$38M |
| EBITDA | -$37M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$155.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$131M |
| Sales/Maturities of Investments | $104M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $574.0K |
| NET CASH FROM FINANCING | $574.0K |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $195M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $277M |
| PP&E (Net) | $48M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $66M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $116M |
| TOTAL ASSETS | $393M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $24M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $93M |
| Common Stock | $55.0K |
| Additional Paid-In Capital | $626M |
| Retained Earnings | -$326M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$407.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $300M |
| Minority Interest | $0 |
| TOTAL EQUITY | $300M |
| TOTAL LIABILITIES & EQUITY | $393M |
| Total Debt | $44M |
| Net Debt | -$28M |
