| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $113M | $77M | $37M | 47.2% | 206.2% |
| Op. Income | -$9M | -$24M | -$2M | 63.5% | -350.0% |
| Gross Margin | 77.7% | 77.9% | 76.1% | -0.2pp | 1.6pp |
| Net Margin | -6.7% | -9.8% | -8.5% | 3.1pp | 1.7pp |
| EPS (Diluted) | $-0.05 | $-0.05 | $-0.02 | 0.4% | -136.1% |
| Free Cash Flow | $47M | $31M | -$1M | 50.3% | 4474.9% |
| Item | Amount |
|---|---|
| REVENUE | $113M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $88M |
| R&D Expenses | $51M |
| Selling & Marketing | $23M |
| General & Administrative | $23M |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $122M |
| OPERATING INCOME | -$9M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $849.0K |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $849.0K |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$379M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$359M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $952.0K |
| FREE CASH FLOW | $47M |
| Net Change in Cash | -$295M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $761M |
| Net Receivables | $25M |
| Inventory | $24M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $946M |
| PP&E (Net) | $35M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $983M |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $93M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$234M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $890M |
| Minority Interest | $0 |
| TOTAL EQUITY | $890M |
| TOTAL LIABILITIES & EQUITY | $983M |
| Total Debt | $0 |
| Net Debt | -$126M |
