| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $74M | $72M | — | 2.4% | — |
| Op. Income | -$57M | -$46M | — | -24.1% | — |
| Gross Margin | -29.2% | -26.6% | — | -2.6pp | — |
| Net Margin | -102.7% | -58.3% | — | -44.4pp | — |
| EPS (Diluted) | $-0.27 | $-0.15 | — | -80.0% | — |
| Free Cash Flow | -$61M | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $74M |
| Cost of Revenue | $95M |
| GROSS PROFIT | -$22M |
| R&D Expenses | $15M |
| Selling & Marketing | $2M |
| General & Administrative | $12M |
| SG&A Expenses | $14M |
| Other Expenses | $6M |
| Operating Expenses | $35M |
| Cost & Expenses | $130M |
| OPERATING INCOME | -$57M |
| Interest Income | $158.0K |
| Interest Expense | $247.0K |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$76M |
| D&A | $15M |
| EBIT | -$50M |
| EBITDA | -$35M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$76M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$59M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$316M |
| NET CASH FROM FINANCING | $52M |
| FREE CASH FLOW | -$61M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $88M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $307M |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $954.0K |
| Long-Term Investments | $3M |
| Tax Assets | $76M |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $195M |
| TOTAL ASSETS | $502M |
| Account Payables | $17M |
| Short-Term Debt | $1M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $79M |
| TOTAL CURRENT LIABILITIES | $151M |
| Long-Term Debt | $24M |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $162.0K |
| Other Non-Current Liabilities | $83.0K |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $186M |
| Common Stock | $0 |
| Additional Paid-In Capital | $763M |
| Retained Earnings | -$358M |
| Treasury Stock | -$57M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $316M |
| Minority Interest | $0 |
| TOTAL EQUITY | $316M |
| TOTAL LIABILITIES & EQUITY | $502M |
| Total Debt | $27M |
| Net Debt | -$45M |
