| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $15M | $13M | 0.9% | 10.8% |
| Op. Income | -$8M | -$7M | -$8M | -6.4% | 6.3% |
| Gross Margin | 90.1% | 90.0% | 90.4% | 0.1pp | -0.3pp |
| Net Margin | -52.2% | -57.2% | -61.4% | 5.0pp | 9.2pp |
| EPS (Diluted) | $-0.20 | $-0.22 | $-0.23 | 9.1% | 13.0% |
| Free Cash Flow | $1M | $264.0K | -$3M | 313.6% | 134.7% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $13M |
| R&D Expenses | $12M |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $55.0K |
| Other Income/Expenses | $720.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$92.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$580.0K |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $844.0K |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $844.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $205.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$31.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$953.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $178.0K |
| NET CASH FROM FINANCING | -$775.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $31M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $60M |
| PP&E (Net) | $8M |
| Goodwill | $4M |
| Intangible Assets | $3M |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $38M |
| TOTAL ASSETS | $98M |
| Account Payables | $141.0K |
| Short-Term Debt | $2M |
| Deferred Revenue | $39M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $669.0K |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $40.0K |
| Additional Paid-In Capital | $131M |
| Retained Earnings | -$129M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $172.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $98M |
| Total Debt | $6M |
| Net Debt | -$12M |
