| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $155M | $151M | $199M | 3.0% | -21.8% |
| Op. Income | -$14M | -$17M | -$1M | 21.2% | -969.0% |
| Gross Margin | 5.7% | 8.2% | 14.2% | -2.4pp | -8.4pp |
| Net Margin | 0.3% | -4.8% | 5.6% | 5.1pp | -5.3pp |
| EPS (Diluted) | $0.02 | $-0.23 | $0.35 | 107.0% | -95.4% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $155M |
| Cost of Revenue | $146M |
| GROSS PROFIT | $9M |
| R&D Expenses | $6M |
| Selling & Marketing | $12M |
| General & Administrative | $6M |
| SG&A Expenses | $18M |
| Other Expenses | -$1M |
| Operating Expenses | $23M |
| Cost & Expenses | $169M |
| OPERATING INCOME | -$14M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $939.8K |
| Net Income from Continuing Ops | $497.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $497.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $497.4K |
| D&A | $0 |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $497.4K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$497.4K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $294M |
| Short-Term Investments | $284M |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $643M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $18M |
| Long-Term Investments | $121M |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $162M |
| TOTAL ASSETS | $805M |
| Account Payables | $67M |
| Short-Term Debt | $0 |
| Deferred Revenue | $41M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $177M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $178M |
| Common Stock | $2.9K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$529M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $626M |
| Minority Interest | $0 |
| TOTAL EQUITY | $626M |
| TOTAL LIABILITIES & EQUITY | $805M |
| Total Debt | $3M |
| Net Debt | -$291M |
