| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $21M | $15M | -4.3% | 33.3% |
| Op. Income | -$17M | -$17M | -$33M | -0.1% | 47.0% |
| Gross Margin | 59.5% | 58.6% | 60.8% | 0.9pp | -1.3pp |
| Net Margin | -82.3% | -73.1% | -177.5% | -9.2pp | 95.2pp |
| EPS (Diluted) | $-0.08 | $-0.07 | $-0.13 | -7.1% | 38.8% |
| Free Cash Flow | -$8M | -$11M | -$17M | 22.4% | 51.1% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $12M |
| R&D Expenses | $9M |
| Selling & Marketing | $10M |
| General & Administrative | $11M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $38M |
| OPERATING INCOME | -$17M |
| Interest Income | $1M |
| Interest Expense | $319.0K |
| Other Income/Expenses | $380.0K |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $58.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $3M |
| EBIT | -$17M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$162.0K |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$414.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.0K |
| NET CASH FROM INVESTING | -$413.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $94M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $73M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $199M |
| PP&E (Net) | $36M |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $66M |
| TOTAL ASSETS | $265M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $83M |
| Common Stock | $22.0K |
| Additional Paid-In Capital | $966M |
| Retained Earnings | -$784M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $182M |
| Minority Interest | $0 |
| TOTAL EQUITY | $182M |
| TOTAL LIABILITIES & EQUITY | $265M |
| Total Debt | $23M |
| Net Debt | -$70M |
