| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $55M | — | $62M | — | -10.7% |
| Op. Income | -$2M | — | -$61M | — | 96.9% |
| Gross Margin | 5.8% | — | -3.0% | — | 8.8pp |
| Net Margin | -4.2% | — | -98.5% | — | 94.3pp |
| EPS (Diluted) | $-0.46 | — | $-13.58 | — | 96.6% |
| Free Cash Flow | $0 | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $3M |
| R&D Expenses | $573.9K |
| Selling & Marketing | $759.0K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $1M |
| Operating Expenses | $5M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$2M |
| Interest Income | $7.3K |
| Interest Expense | $821.6K |
| Other Income/Expenses | -$414.5K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $12.1K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $361.5K |
| EBIT | -$954.3K |
| EBITDA | -$592.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| 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 | -$898.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $50.1K |
| Net Receivables | $27M |
| Inventory | $14M |
| Other Current Assets | $103.9K |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $80M |
| Account Payables | $3M |
| Short-Term Debt | $15M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $52M |
| Common Stock | $0 |
| Additional Paid-In Capital | $78M |
| Retained Earnings | -$50M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $849.6K |
| Other Equity | -$125.0K |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $153.6K |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $80M |
| Total Debt | $17M |
| Net Debt | $13M |
