| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $68M | $62M | 4.0% | 14.4% |
| Op. Income | $4M | -$8M | -$7M | 147.3% | 150.0% |
| Gross Margin | 70.7% | 68.4% | 65.1% | 2.3pp | 5.6pp |
| Net Margin | -444.5% | -409.8% | -26.7% | -34.7pp | -417.8pp |
| EPS (Diluted) | $-7.50 | $-6.66 | $-0.41 | -12.6% | -1729.3% |
| Free Cash Flow | $12M | -$801.0K | -$9M | 1607.9% | 229.7% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $50M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $46M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $4M |
| Interest Income | $1M |
| Interest Expense | $3M |
| Other Income/Expenses | -$360M |
| INCOME BEFORE TAX | -$356M |
| Income Tax Expense | -$43M |
| Net Income from Continuing Ops | -$314M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$314M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$314M |
| D&A | $3M |
| EBIT | -$353M |
| EBITDA | -$350M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$314M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$44M |
| Other Non-Cash Items | $356M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$774.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$441.0K |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$101.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$532.0K |
| NET CASH FROM FINANCING | -$457.0K |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $116M |
| Short-Term Investments | $5M |
| Net Receivables | $73M |
| Inventory | $1M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $240M |
| PP&E (Net) | $42M |
| Goodwill | $292M |
| Intangible Assets | $2M |
| Long-Term Investments | $8M |
| Tax Assets | $50M |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $434M |
| TOTAL ASSETS | $674M |
| Account Payables | $10M |
| Short-Term Debt | $87M |
| Deferred Revenue | $44M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $183M |
| Long-Term Debt | $193M |
| Deferred Revenue NC | $109M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $337M |
| TOTAL LIABILITIES | $520M |
| Common Stock | $418.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$901M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $154M |
| Minority Interest | $0 |
| TOTAL EQUITY | $154M |
| TOTAL LIABILITIES & EQUITY | $674M |
| Total Debt | $293M |
| Net Debt | $178M |
