| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $13M | $23M | 15.3% | -37.2% |
| Op. Income | -$6M | -$4M | -$6M | -53.6% | -1.7% |
| Gross Margin | -13.0% | 88.8% | 91.2% | -101.8pp | -104.2pp |
| Net Margin | -39.0% | -28.3% | -22.6% | -10.6pp | -16.3pp |
| EPS (Diluted) | $-0.18 | $-0.12 | $-0.20 | -50.0% | 10.0% |
| Free Cash Flow | -$4M | $5M | -$4M | -184.1% | -10.5% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $16M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $1M |
| Operating Expenses | $4M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$6M |
| Interest Income | $72.0K |
| Interest Expense | $35.0K |
| Other Income/Expenses | $139.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$35.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $1M |
| EBIT | -$6M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $171.0K |
| Change in Working Capital | -$173.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$69.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $413.0K |
| NET CASH FROM INVESTING | $344.0K |
| Net Debt Issuance | -$297.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$297.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $400.0K |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $370.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $30M |
| Account Payables | $3M |
| Short-Term Debt | $704.0K |
| Deferred Revenue | $691.0K |
| Other Current Liabilities | $992.0K |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $309.0K |
| Additional Paid-In Capital | $157M |
| Retained Earnings | -$137M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | $0 |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $30M |
| Total Debt | $5M |
| Net Debt | -$2M |
