| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $42M | — | 2.7% | — |
| Op. Income | -$34M | -$8M | — | -316.8% | — |
| Gross Margin | -8.6% | 30.8% | — | -39.3pp | — |
| Net Margin | -145.0% | -24.9% | — | -120.0pp | — |
| EPS (Diluted) | $-0.52 | $-0.10 | — | -441.7% | — |
| Free Cash Flow | -$2M | -$9M | — | 73.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $47M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$34M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$63M |
| D&A | $26M |
| EBIT | -$58M |
| EBITDA | -$32M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$63M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $29M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$607.0K |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $225.0K |
| Inventory | $0 |
| Other Current Assets | $95M |
| TOTAL CURRENT ASSETS | $106M |
| PP&E (Net) | $496M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $537M |
| TOTAL ASSETS | $643M |
| Account Payables | $94M |
| Short-Term Debt | $19M |
| Deferred Revenue | $101M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $349M |
| Long-Term Debt | $42M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $176M |
| TOTAL LIABILITIES | $525M |
| Common Stock | $127.0K |
| Additional Paid-In Capital | $304M |
| Retained Earnings | -$186M |
| Treasury Stock | -$62.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $643M |
| Total Debt | $294M |
| Net Debt | $290M |
