| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $1M | -21.0% | -27.9% |
| Op. Income | -$381.1K | -$245.1K | -$449.6K | -55.5% | 15.2% |
| Gross Margin | 7.8% | 24.5% | 11.1% | -16.7pp | -3.2pp |
| Net Margin | -102.5% | -53.8% | -177.6% | -48.7pp | 75.1pp |
| EPS (Diluted) | $-2.85 | $-1.95 | $-9.90 | -46.2% | 71.2% |
| Free Cash Flow | $235.3K | $642.1K | -$72.3K | -63.4% | 425.3% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $976.5K |
| GROSS PROFIT | $82.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $111.9K |
| General & Administrative | $351.9K |
| SG&A Expenses | $463.9K |
| Other Expenses | $0 |
| Operating Expenses | $463.9K |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$381.1K |
| Interest Income | $311 |
| Interest Expense | $125.0K |
| Other Income/Expenses | -$701.6K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $3.1K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $23.3K |
| EBIT | -$957.6K |
| EBITDA | -$934.3K |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $892.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26.3K |
| Change in Working Capital | $439.9K |
| OPERATING CASH FLOW | $273.4K |
| Capital Expenditure | -$38.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$38.1K |
| Net Debt Issuance | -$383.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$187.2K |
| NET CASH FROM FINANCING | -$570.8K |
| FREE CASH FLOW | $235.3K |
| Net Change in Cash | -$330.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $480.1K |
| Short-Term Investments | $18M |
| Net Receivables | $6M |
| Inventory | $169.5K |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $50M |
| Account Payables | $44.7K |
| Short-Term Debt | $2M |
| Deferred Revenue | $298.2K |
| Other Current Liabilities | -$775.9K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $26M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $35M |
| Retained Earnings | -$12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $125.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | $0 |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $50M |
| Total Debt | $24M |
| Net Debt | $23M |
