| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $0 | $0 | — | — |
| Op. Income | -$30M | -$35M | -$21M | 13.3% | -47.7% |
| Gross Margin | 100.0% | — | — | — | — |
| Net Margin | -2839.7% | — | — | — | — |
| EPS (Diluted) | $-1.60 | $-1.70 | $-0.85 | 5.9% | -88.2% |
| Free Cash Flow | -$23M | -$36M | -$20M | 36.2% | -16.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $2M |
| Operating Expenses | $31M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$30M |
| Interest Income | $0 |
| Interest Expense | $113.0K |
| Other Income/Expenses | -$114.0K |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $2M |
| EBIT | -$30M |
| EBITDA | -$29M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | -$152.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $637.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$396.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$171.0K |
| Sales/Maturities of Investments | $458.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$109.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $7.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7.0K |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $69M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $43.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $93M |
| Account Payables | $23M |
| Short-Term Debt | $705.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $11M |
| Additional Paid-In Capital | $316M |
| Retained Earnings | -$263M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $93M |
| Total Debt | $8M |
| Net Debt | -$38M |
