| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $56M | $55M | 58.4% | 60.6% |
| Op. Income | -$55M | -$223M | -$286M | 75.2% | 80.7% |
| Gross Margin | 88.8% | 75.6% | 87.5% | 13.2pp | 1.3pp |
| Net Margin | -63.3% | -386.4% | -546.4% | 323.1pp | 483.1pp |
| EPS (Diluted) | $-1.08 | $-4.23 | $-6.21 | 74.5% | 82.6% |
| Free Cash Flow | -$119M | -$111M | -$78M | -6.4% | -52.2% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $79M |
| R&D Expenses | $77M |
| Selling & Marketing | $0 |
| General & Administrative | $52M |
| SG&A Expenses | $52M |
| Other Expenses | $5M |
| Operating Expenses | $134M |
| Cost & Expenses | $144M |
| OPERATING INCOME | -$55M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | -$375.0K |
| Net Income from Continuing Ops | -$56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$56M |
| D&A | $17M |
| EBIT | -$52M |
| EBITDA | -$35M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$56M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$98M |
| OPERATING CASH FLOW | -$104M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $400.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $538.0K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$200.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$265.0K |
| NET CASH FROM FINANCING | -$465.0K |
| FREE CASH FLOW | -$119M |
| Net Change in Cash | -$114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $616M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $662M |
| PP&E (Net) | $617M |
| Goodwill | $0 |
| Intangible Assets | $80M |
| Long-Term Investments | $62M |
| Tax Assets | $0 |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $818M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $23M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $114M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $105M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $569M |
| TOTAL LIABILITIES | $683M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | -$5.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $263.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $798M |
| Minority Interest | $0 |
| TOTAL EQUITY | $798M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $446M |
| Net Debt | -$171M |
