| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $11M | $3M | 173.6% | 804.7% |
| Op. Income | -$23M | -$40M | -$38M | 43.6% | 39.7% |
| Gross Margin | -40.6% | -282.8% | -830.6% | 242.2pp | 790.0pp |
| Net Margin | -109.4% | -425.3% | -1124.4% | 315.9pp | 1015.0pp |
| EPS (Diluted) | $-1.14 | $-1.71 | $-1.41 | 33.3% | 19.1% |
| Free Cash Flow | -$10M | -$21M | -$37M | 52.6% | 72.4% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $42M |
| GROSS PROFIT | -$12M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$42M |
| Operating Expenses | $11M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$23M |
| Interest Income | $5M |
| Interest Expense | $15M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $596.0K |
| EBIT | -$17M |
| EBITDA | -$17M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $596.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$35.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $110M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $59M |
| Net Debt Issuance | -$27M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$370.0K |
| NET CASH FROM FINANCING | $71M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $120M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $192M |
| Short-Term Investments | $239M |
| Net Receivables | $12M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $449M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $28M |
| Tax Assets | $0 |
| Other Non-Current Assets | $256.0K |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $493M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $351M |
| TOTAL NON-CURRENT LIABILITIES | $365M |
| TOTAL LIABILITIES | $409M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $821M |
| Retained Earnings | -$738M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $759.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84M |
| Minority Interest | $0 |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $493M |
| Total Debt | $16M |
| Net Debt | -$175M |
