| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $52M | $57M | -16.6% | -24.9% |
| Op. Income | -$22M | -$20M | -$30M | -7.9% | 27.5% |
| Gross Margin | 44.4% | 50.5% | 43.5% | -6.1pp | 0.9pp |
| Net Margin | -49.3% | -37.1% | -55.2% | -12.2pp | 5.9pp |
| EPS (Diluted) | $-2.68 | $-2.45 | $-4.15 | -9.4% | 35.4% |
| Free Cash Flow | -$12M | -$17M | -$7M | 29.7% | -59.2% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $31M |
| SG&A Expenses | $41M |
| Other Expenses | $35.0K |
| Operating Expenses | $41M |
| Cost & Expenses | $65M |
| OPERATING INCOME | -$22M |
| Interest Income | $744.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $691.0K |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $86.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $3M |
| EBIT | -$22M |
| EBITDA | -$19M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $107.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$656.0K |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $983.0K |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $57M |
| Other Current Assets | $848.0K |
| TOTAL CURRENT ASSETS | $155M |
| PP&E (Net) | $62M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $1M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $67M |
| TOTAL ASSETS | $222M |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38.0K |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $95M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $589M |
| Retained Earnings | -$459M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $127M |
| Minority Interest | $0 |
| TOTAL EQUITY | $127M |
| TOTAL LIABILITIES & EQUITY | $222M |
| Total Debt | $59M |
| Net Debt | -$19M |
