| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $37M | $30M | -34.5% | -20.5% |
| Op. Income | -$91M | -$16M | -$19M | -465.2% | -378.4% |
| Gross Margin | -23.6% | 17.0% | 0.7% | -40.6pp | -24.4pp |
| Net Margin | -359.9% | -41.5% | -61.4% | -318.4pp | -298.5pp |
| EPS (Diluted) | $-0.26 | $-0.05 | $-0.07 | -435.0% | -269.8% |
| Free Cash Flow | -$183M | -$65M | -$25M | -181.9% | -645.0% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $30M |
| GROSS PROFIT | -$6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $77M |
| Operating Expenses | $86M |
| Cost & Expenses | $115M |
| OPERATING INCOME | -$91M |
| Interest Income | $1M |
| Interest Expense | $346.0K |
| Other Income/Expenses | $838.0K |
| INCOME BEFORE TAX | -$91M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$87M |
| D&A | $29M |
| EBIT | -$90M |
| EBITDA | -$61M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$87M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$176M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$133M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$619.0K |
| NET CASH FROM FINANCING | $57M |
| FREE CASH FLOW | -$183M |
| Net Change in Cash | -$83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $285.0K |
| Inventory | $95M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $152M |
| PP&E (Net) | $466M |
| Goodwill | $0 |
| Intangible Assets | $26M |
| Long-Term Investments | $55M |
| Tax Assets | $0 |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $624M |
| TOTAL ASSETS | $775M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $103M |
| Common Stock | $356.0K |
| Additional Paid-In Capital | $871M |
| Retained Earnings | -$199M |
| Treasury Stock | -$8.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $672M |
| Minority Interest | $0 |
| TOTAL EQUITY | $672M |
| TOTAL LIABILITIES & EQUITY | $775M |
| Total Debt | $23M |
| Net Debt | -$2M |
