| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $0 | $0 | — | — |
| Op. Income | -$50M | -$51M | -$68M | 3.1% | 26.6% |
| Gross Margin | 100.0% | — | — | — | — |
| Net Margin | -176.7% | — | — | — | — |
| EPS (Diluted) | $-0.67 | $-0.56 | $-0.86 | -19.6% | 22.1% |
| Free Cash Flow | -$40M | -$44M | -$41M | 9.9% | 2.6% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $27M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $4M |
| Operating Expenses | $77M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$50M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | -$205.0K |
| Net Income from Continuing Ops | -$47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $317.0K |
| EBIT | -$46M |
| EBITDA | -$46M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $317.0K |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $72M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $32M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $337M |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $386M |
| PP&E (Net) | $37M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $430M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $849.0K |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $93M |
| Common Stock | $71.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $558.0K |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | $337M |
| Minority Interest | $0 |
| TOTAL EQUITY | $337M |
| TOTAL LIABILITIES & EQUITY | $430M |
| Total Debt | $43M |
| Net Debt | $9M |
