| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $8M | — | -21.9% | — |
| Op. Income | -$44M | -$17M | — | -158.0% | — |
| Gross Margin | -139.1% | 33.3% | — | -172.3pp | — |
| Net Margin | -728.6% | -208.8% | — | -519.8pp | — |
| EPS (Diluted) | $-30.92 | $-14.40 | — | -114.7% | — |
| Free Cash Flow | -$13M | -$22M | -$26M | 40.8% | 49.5% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $15M |
| GROSS PROFIT | -$8M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $21M |
| Operating Expenses | $35M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$44M |
| Interest Income | $376.0K |
| Interest Expense | $68.0K |
| Other Income/Expenses | -$321.0K |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $24.0K |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $6M |
| EBIT | -$44M |
| EBITDA | -$38M |
| EPS | -$31 |
| EPS Diluted | -$31 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$63M |
| Sales/Maturities of Investments | $57M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $14M |
| Net Receivables | $5M |
| Inventory | $14M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $40M |
| TOTAL ASSETS | $87M |
| Account Payables | $9M |
| Short-Term Debt | $15M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $263.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $720M |
| Retained Earnings | -$673M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $49M |
| Minority Interest | $0 |
| TOTAL EQUITY | $49M |
| TOTAL LIABILITIES & EQUITY | $87M |
| Total Debt | $22M |
| Net Debt | $14M |
