| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $95M | $105M | $151M | -8.9% | -36.8% |
| Op. Income | -$16M | -$16M | $7M | 3.3% | -313.0% |
| Gross Margin | 46.8% | 44.8% | 47.0% | 2.0pp | -0.2pp |
| Net Margin | -18.9% | -15.1% | 2.6% | -3.9pp | -21.5pp |
| EPS (Diluted) | $-0.39 | $-0.34 | $0.08 | -14.7% | -579.1% |
| Free Cash Flow | $15M | -$919.0K | $25M | 1744.3% | -39.9% |
| Item | Amount |
|---|---|
| REVENUE | $95M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $45M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $10M |
| Operating Expenses | $60M |
| Cost & Expenses | $111M |
| OPERATING INCOME | -$16M |
| Interest Income | $3M |
| Interest Expense | $86.0K |
| Other Income/Expenses | $944.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $13M |
| EBIT | -$16M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $422.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $35.0K |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$137.0K |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $80M |
| Net Receivables | $92M |
| Inventory | $144M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $542M |
| PP&E (Net) | $91M |
| Goodwill | $243M |
| Intangible Assets | $123M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $490M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $23M |
| Short-Term Debt | $3M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $63M |
| TOTAL LIABILITIES | $148M |
| Common Stock | $50M |
| Additional Paid-In Capital | $690M |
| Retained Earnings | $270M |
| Treasury Stock | -$88M |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $885M |
| Minority Interest | $0 |
| TOTAL EQUITY | $885M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $21M |
| Net Debt | -$168M |
