| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $43M | $44M | -1.5% | -5.1% |
| Op. Income | -$50M | -$50M | -$23M | 1.5% | -114.9% |
| Gross Margin | 26.3% | 26.3% | 33.0% | 0.0pp | -6.7pp |
| Net Margin | -125.9% | -125.9% | -54.7% | 0.0pp | -71.2pp |
| EPS (Diluted) | $-0.20 | $-0.25 | $-0.13 | 19.0% | -54.5% |
| Free Cash Flow | -$19M | -$20M | -$11M | 7.0% | -72.6% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $11M |
| R&D Expenses | $5M |
| Selling & Marketing | $1M |
| General & Administrative | $20M |
| SG&A Expenses | $22M |
| Other Expenses | $34M |
| Operating Expenses | $61M |
| Cost & Expenses | $92M |
| OPERATING INCOME | -$50M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $4M |
| EBIT | -$36M |
| EBITDA | -$32M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $607.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$293.7K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $30M |
| Net Receivables | $35M |
| Inventory | $82M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $185M |
| PP&E (Net) | $117M |
| Goodwill | $13M |
| Intangible Assets | $89M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $228M |
| TOTAL ASSETS | $413M |
| Account Payables | $27M |
| Short-Term Debt | $154M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $205M |
| Long-Term Debt | $78M |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $134M |
| TOTAL LIABILITIES | $340M |
| Common Stock | $65M |
| Additional Paid-In Capital | $621M |
| Retained Earnings | -$665M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $41M |
| TOTAL STOCKHOLDERS' EQUITY | $76M |
| Minority Interest | -$3M |
| TOTAL EQUITY | $73M |
| TOTAL LIABILITIES & EQUITY | $413M |
| Total Debt | $275M |
| Net Debt | $251M |
