| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $163M | $158M | -16.3% | -13.5% |
| Op. Income | -$222M | -$485M | -$58M | 54.2% | -284.1% |
| Gross Margin | 68.2% | 72.2% | 47.1% | -4.0pp | 21.2pp |
| Net Margin | -155.7% | -378.1% | -11.6% | 222.4pp | -144.1pp |
| EPS (Diluted) | $-2.05 | $-6.01 | $-0.16 | 65.9% | -1181.3% |
| Free Cash Flow | $24M | -$4M | $9M | 763.0% | 152.7% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $93M |
| R&D Expenses | $41M |
| Selling & Marketing | $27M |
| General & Administrative | $52M |
| SG&A Expenses | $78M |
| Other Expenses | $196M |
| Operating Expenses | $315M |
| Cost & Expenses | $359M |
| OPERATING INCOME | -$222M |
| Interest Income | $0 |
| Interest Expense | $658.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$215M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$213M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$213M |
| D&A | $20M |
| EBIT | -$215M |
| EBITDA | -$195M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$213M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $71.0K |
| Other Non-Cash Items | $203M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$822.0K |
| NET CASH FROM FINANCING | -$822.0K |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $152M |
| Short-Term Investments | $209M |
| Net Receivables | $24M |
| Inventory | $0 |
| Other Current Assets | $87M |
| TOTAL CURRENT ASSETS | $497M |
| PP&E (Net) | $207M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $270M |
| Tax Assets | $2M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $506M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $18M |
| Short-Term Debt | $358M |
| Deferred Revenue | $44M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $546M |
| Long-Term Debt | $243M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $272M |
| TOTAL LIABILITIES | $818M |
| Common Stock | $104.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$883M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $185M |
| Minority Interest | $0 |
| TOTAL EQUITY | $185M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $625M |
| Net Debt | $473M |
