| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $42M | $56M | 60.7% | 20.4% |
| Op. Income | -$113M | -$156M | -$157M | 27.4% | 28.0% |
| Gross Margin | 80.6% | 68.2% | 84.6% | 12.5pp | -4.0pp |
| Net Margin | -171.5% | -303.9% | -337.7% | 132.3pp | 166.2pp |
| EPS (Diluted) | $-1.98 | $-2.23 | $-3.37 | 11.5% | 41.3% |
| Free Cash Flow | -$66M | -$72M | -$147M | 8.2% | 55.0% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $55M |
| R&D Expenses | $86M |
| Selling & Marketing | $0 |
| General & Administrative | $80M |
| SG&A Expenses | $80M |
| Other Expenses | $2M |
| Operating Expenses | $168M |
| Cost & Expenses | $181M |
| OPERATING INCOME | -$113M |
| Interest Income | $33M |
| Interest Expense | $30M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$115M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$116M |
| D&A | $2M |
| EBIT | -$85M |
| EBITDA | -$83M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$116M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$89M |
| Change in Working Capital | $104M |
| OPERATING CASH FLOW | -$66M |
| Capital Expenditure | -$546.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$42.1K |
| NET CASH FROM INVESTING | -$588.1K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $504M |
| NET CASH FROM FINANCING | $500M |
| FREE CASH FLOW | -$66M |
| Net Change in Cash | $429M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $731M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $310M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $114M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $140M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $88M |
| Short-Term Debt | $526M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $363M |
| TOTAL CURRENT LIABILITIES | $980M |
| Long-Term Debt | $396M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $412M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $10M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$3.0B |
| Treasury Stock | -$138.0K |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$114M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$114M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $922M |
| Net Debt | $191M |
