| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $102M | $110M | $128M | -7.3% | -20.3% |
| Op. Income | -$13M | -$9M | -$29M | -37.2% | 55.1% |
| Gross Margin | 67.3% | 69.3% | 58.5% | -2.0pp | 8.8pp |
| Net Margin | -11.7% | -9.9% | -25.5% | -1.9pp | 13.7pp |
| EPS (Diluted) | $-1.75 | $-1.59 | $-5.29 | -10.1% | 66.9% |
| Free Cash Flow | $53.0K | -$2M | -$685.0K | 102.4% | 107.7% |
| Item | Amount |
|---|---|
| REVENUE | $102M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $69M |
| R&D Expenses | $19M |
| Selling & Marketing | $46M |
| General & Administrative | $12M |
| SG&A Expenses | $57M |
| Other Expenses | $5M |
| Operating Expenses | $82M |
| Cost & Expenses | $115M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $115.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $12M |
| EBIT | -$10M |
| EBITDA | $2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $1.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$312.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6.0K |
| NET CASH FROM FINANCING | -$306.0K |
| FREE CASH FLOW | $53.0K |
| Net Change in Cash | -$14.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $4M |
| Net Receivables | $2M |
| Inventory | $18M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $95M |
| PP&E (Net) | $28M |
| Goodwill | $85M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $130M |
| TOTAL ASSETS | $225M |
| Account Payables | $7M |
| Short-Term Debt | $12M |
| Deferred Revenue | $89M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $149M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $167M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $667M |
| Retained Earnings | -$609M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $33.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58M |
| Minority Interest | $0 |
| TOTAL EQUITY | $58M |
| TOTAL LIABILITIES & EQUITY | $225M |
| Total Debt | $25M |
| Net Debt | -$8M |
