| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $39M | $50M | -5.8% | -26.9% |
| Op. Income | -$859.0K | $1M | -$12M | -170.3% | 92.6% |
| Gross Margin | 33.8% | 37.7% | 36.3% | -4.0pp | -2.5pp |
| Net Margin | -8.4% | -3.8% | -35.7% | -4.6pp | 27.3pp |
| EPS (Diluted) | $-10.32 | $-5.52 | $-57.00 | -87.0% | 81.9% |
| Free Cash Flow | $5M | -$5M | $8M | 199.4% | -34.0% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $12M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$859.0K |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$12.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$523.0K |
| EBITDA | $2M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $441.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $455.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | $132.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $132.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $42M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $87M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $42M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $141M |
| Account Payables | $20M |
| Short-Term Debt | $2M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $37M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $135M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $120M |
| Retained Earnings | -$116M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $141M |
| Total Debt | $48M |
| Net Debt | $38M |
