| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $1.5B | $1.9B | 59.4% | 23.4% |
| Op. Income | -$227M | -$270M | -$300M | 15.8% | 24.2% |
| Gross Margin | 14.4% | 15.3% | 6.2% | -0.8pp | 8.2pp |
| Net Margin | -8.3% | -17.9% | -10.3% | 9.6pp | 2.1pp |
| EPS (Diluted) | $-0.21 | $-0.28 | $-0.21 | 25.8% | 2.1% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $340M |
| R&D Expenses | $293M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $332M |
| Other Expenses | -$59M |
| Operating Expenses | $567M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | -$227M |
| Interest Income | $44M |
| Interest Expense | $14M |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | -$201M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$194M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$194M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$194M |
| D&A | $0 |
| EBIT | -$183M |
| EBITDA | -$183M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$194M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | -$29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $223M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $2.1B |
| Net Receivables | $1.1B |
| Inventory | $813M |
| Other Current Assets | $531M |
| TOTAL CURRENT ASSETS | $7.3B |
| PP&E (Net) | $1.9B |
| Goodwill | $5M |
| Intangible Assets | $1.1B |
| Long-Term Investments | $943M |
| Tax Assets | $0 |
| Other Non-Current Assets | $927M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $3.4B |
| Short-Term Debt | $945M |
| Deferred Revenue | $241M |
| Other Current Liabilities | $424M |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $360M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $18.3K |
| Additional Paid-In Capital | $10.3B |
| Retained Earnings | -$6.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $306M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $2.3B |
| Net Debt | -$387M |
