Reported December 31, 2024
| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $519.6K | $352.2K | — | 47.5% | — |
| Op. Income | -$9M | -$8M | — | -2.1% | — |
| Gross Margin | 42.8% | 91.3% | — | -48.5pp | — |
| Net Margin | -1526.0% | -2165.1% | — | 639.1pp | — |
| EPS (Diluted) | $0.00 | $0.00 | — | NaN% | — |
| Free Cash Flow | -$10M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $519.6K |
| Cost of Revenue | $297.4K |
| GROSS PROFIT | $222.2K |
| R&D Expenses | $6M |
| Selling & Marketing | $146.2K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $925.2K |
| Operating Expenses | $9M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $647.5K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $1M |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $602.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $187.8K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$328.1K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $16.8K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $920.1K |
| Inventory | $2M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $66M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $85M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $225.8K |
| Other Current Liabilities | $188.5K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $5M |
| Additional Paid-In Capital | $4M |
| Retained Earnings | -$99M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64M |
| Minority Interest | $0 |
| TOTAL EQUITY | $64M |
| TOTAL LIABILITIES & EQUITY | $85M |
| Total Debt | $18M |
| Net Debt | -$39M |