| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $15M | $35M | -1.5% | -57.6% |
| Op. Income | -$3M | -$3M | $17M | 1.1% | -116.8% |
| Gross Margin | 63.9% | 56.0% | 81.4% | 7.9pp | -17.5pp |
| Net Margin | -16.3% | -22.6% | 48.6% | 6.3pp | -64.9pp |
| EPS (Diluted) | $-0.12 | $-0.17 | $0.80 | 29.4% | -115.0% |
| Free Cash Flow | -$1M | -$5M | $19M | 77.6% | -106.2% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $9M |
| R&D Expenses | $842.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$3M |
| Interest Income | $188.0K |
| Interest Expense | $758.0K |
| Other Income/Expenses | $504.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $837.0K |
| EBIT | -$2M |
| EBITDA | -$795.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $837.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$367.0K |
| Change in Working Capital | -$877.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$675.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $187.0K |
| NET CASH FROM FINANCING | -$294.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $12M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $32.0K |
| Goodwill | $0 |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.0K |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $64M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $99M |
| Retained Earnings | -$89M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $0 |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $64M |
| Total Debt | $20M |
| Net Debt | -$3M |
