| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $25M | $31M | 5.2% | -13.0% |
| Op. Income | $816.0K | $1M | -$1M | -40.1% | 172.9% |
| Gross Margin | 36.5% | 33.2% | 35.7% | 3.3pp | 0.7pp |
| Net Margin | 1.6% | 3.8% | -3.3% | -2.2pp | 5.0pp |
| EPS (Diluted) | $0.03 | $0.07 | $-0.07 | -55.1% | 142.0% |
| Free Cash Flow | $322.0K | -$884.0K | -$3M | 136.4% | 111.6% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $10M |
| R&D Expenses | $693.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $40.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $816.0K |
| Interest Income | $2.0K |
| Interest Expense | $107.0K |
| Other Income/Expenses | $79.0K |
| INCOME BEFORE TAX | $895.0K |
| Income Tax Expense | $457.0K |
| Net Income from Continuing Ops | $438.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $438.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $438.0K |
| D&A | $738.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $10M |
| R&D Expenses | $693.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $40.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $816.0K |
| Interest Income | $2.0K |
| Interest Expense | $107.0K |
| Other Income/Expenses | $79.0K |
| INCOME BEFORE TAX | $895.0K |
| Income Tax Expense | $457.0K |
| Net Income from Continuing Ops | $438.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $438.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $438.0K |
| D&A | $738.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $438.0K |
| Depreciation & Amortization | $738.0K |
| Stock-Based Compensation | $488.0K |
| Deferred Income Tax | $9.0K |
| Other Non-Cash Items | $406.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$255.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$255.0K |
| FREE CASH FLOW | $322.0K |
| Net Change in Cash | $183.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $29M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $70M |
| PP&E (Net) | $30M |
| Goodwill | $21M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $115.0K |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $57M |
| TOTAL ASSETS | $127M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $142.0K |
| Additional Paid-In Capital | $128M |
| Retained Earnings | -$45M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $82M |
| Minority Interest | $0 |
| TOTAL EQUITY | $82M |
| TOTAL LIABILITIES & EQUITY | $127M |
| Total Debt | $22M |
| Net Debt | $9M |
