| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $109M | $102M | $66M | 6.7% | 65.7% |
| Op. Income | -$68M | -$68M | -$124M | -0.1% | 45.2% |
| Gross Margin | 61.4% | 63.9% | 61.7% | -2.5pp | -0.3pp |
| Net Margin | -74.9% | -40.7% | -145.0% | -34.1pp | 70.1pp |
| EPS (Diluted) | $-0.80 | $-4.30 | $-9.80 | 81.4% | 91.8% |
| Free Cash Flow | -$74M | -$57M | -$15M | -29.7% | -385.7% |
| Item | Amount |
|---|---|
| REVENUE | $109M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $67M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $135M |
| Cost & Expenses | $177M |
| OPERATING INCOME | -$68M |
| Interest Income | $9M |
| Interest Expense | $904.0K |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$82M |
| D&A | $5M |
| EBIT | -$81M |
| EBITDA | -$75M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$82M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$330M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$348M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $238M |
| FREE CASH FLOW | -$74M |
| Net Change in Cash | -$166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $450M |
| Short-Term Investments | $330M |
| Net Receivables | $89M |
| Inventory | $40M |
| Other Current Assets | $142M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $69M |
| Goodwill | $0 |
| Intangible Assets | $59M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $135M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $101M |
| Short-Term Debt | $132M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $299M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $325.0K |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $345M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$2.5B |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | $51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $841M |
| Minority Interest | $0 |
| TOTAL EQUITY | $841M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $153M |
| Net Debt | -$296M |
