| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $31M | $38M | 45.0% | 17.4% |
| Op. Income | -$39M | -$50M | -$37M | 22.0% | -5.9% |
| Gross Margin | 87.7% | 88.8% | 96.9% | -1.1pp | -9.2pp |
| Net Margin | -92.8% | -169.6% | -117.5% | 76.8pp | 24.7pp |
| EPS (Diluted) | $-0.33 | $-0.42 | $-0.73 | 21.4% | 54.8% |
| Free Cash Flow | -$35M | -$45M | -$44M | 22.8% | 20.9% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $39M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $84M |
| OPERATING INCOME | -$39M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $1M |
| EBIT | -$35M |
| EBITDA | -$33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$897.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$143.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $91M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $85M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $394.0K |
| NET CASH FROM FINANCING | $394.0K |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $135M |
| Short-Term Investments | $196M |
| Net Receivables | $60M |
| Inventory | $14M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $424M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $596.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $437M |
| Account Payables | $19M |
| Short-Term Debt | $100M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $172M |
| Long-Term Debt | $105M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $420.0K |
| TOTAL NON-CURRENT LIABILITIES | $108M |
| TOTAL LIABILITIES | $281M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $533.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $157M |
| Minority Interest | $0 |
| TOTAL EQUITY | $157M |
| TOTAL LIABILITIES & EQUITY | $437M |
| Total Debt | $208M |
| Net Debt | $73M |
