| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $16M | $17M | 93.9% | 83.3% |
| Op. Income | -$22M | -$34M | -$23M | 35.0% | 5.1% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -75.8% | -186.6% | -85.6% | 110.8pp | 9.8pp |
| EPS (Diluted) | $-0.31 | $-0.39 | $-0.20 | 20.5% | -55.0% |
| Free Cash Flow | -$42M | -$7M | $12M | -508.8% | -442.8% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $31M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$15.0K |
| Operating Expenses | $53M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$22M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $6M |
| NET INCOME | -$24M |
| D&A | $4M |
| EBIT | -$22M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$893.0K |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$314.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$54M |
| Sales/Maturities of Investments | $48M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$2.0K |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $785.0K |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $160M |
| Net Receivables | $56M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $300M |
| PP&E (Net) | $34M |
| Goodwill | $12M |
| Intangible Assets | $5M |
| Long-Term Investments | $98M |
| Tax Assets | $4M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $163M |
| TOTAL ASSETS | $463M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $895.0K |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $124M |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $152M |
| Retained Earnings | -$830M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $339M |
| Minority Interest | $0 |
| TOTAL EQUITY | $339M |
| TOTAL LIABILITIES & EQUITY | $463M |
| Total Debt | $19M |
| Net Debt | -$48M |
