| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $104M | $112M | — | -6.9% | — |
| Op. Income | -$249M | $137M | — | -281.6% | — |
| Gross Margin | 40.1% | 69.3% | — | -29.2pp | — |
| Net Margin | -226.9% | 113.4% | — | -340.3pp | — |
| EPS (Diluted) | $-1.03 | $0.58 | — | -277.6% | — |
| Free Cash Flow | -$69M | -$60M | — | -14.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $104M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $278M |
| Operating Expenses | $291M |
| Cost & Expenses | $353M |
| OPERATING INCOME | -$249M |
| Interest Income | $3M |
| Interest Expense | $485.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$246M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$236M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$236M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$236M |
| D&A | $41M |
| EBIT | -$245M |
| EBITDA | -$205M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$236M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $129M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | -$58M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $24M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$300.0K |
| Other Investing Activities | -$285M |
| NET CASH FROM INVESTING | -$272M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13.0K |
| NET CASH FROM FINANCING | $137M |
| FREE CASH FLOW | -$69M |
| Net Change in Cash | -$194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $414M |
| Net Receivables | $46M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $599M |
| PP&E (Net) | $856M |
| Goodwill | $8M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $877M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $56M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $611.0K |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $73M |
| Common Stock | $236.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$415M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $312.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $12M |
| Net Debt | -$114M |
