| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | — | $18M | — | -70.5% |
| Op. Income | -$12M | — | -$26M | — | 52.8% |
| Gross Margin | 58.0% | — | 76.7% | — | -18.8pp |
| Net Margin | -167.8% | — | -118.8% | — | -48.9pp |
| EPS (Diluted) | $-3.51 | — | $-13.56 | — | 74.1% |
| Free Cash Flow | -$12M | — | -$24M | — | 51.7% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $3M |
| R&D Expenses | $3M |
| Selling & Marketing | $5M |
| General & Administrative | $3M |
| SG&A Expenses | $9M |
| Other Expenses | $4M |
| Operating Expenses | $15M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $69.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $214.0K |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $214.0K |
| Stock-Based Compensation | $860.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$72.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$72.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $5M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $507.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $51M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.0K |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $75M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $95M |
| TOTAL LIABILITIES | $115M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $151M |
| Retained Earnings | -$218M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | -$64M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$64M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $77M |
| Net Debt | $48M |
