| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $17M | $19M | 5.4% | -4.9% |
| Op. Income | -$24M | -$33M | -$37M | 26.2% | 34.1% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -126.1% | -182.7% | -206.8% | 56.6pp | 80.7pp |
| EPS (Diluted) | $-1.07 | $-1.47 | $-1.86 | 27.2% | 42.5% |
| Free Cash Flow | -$21M | -$30M | -$34M | 29.6% | 37.8% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $18M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$24M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$395.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $594.0K |
| EBIT | -$21M |
| EBITDA | -$20M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $594.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$823.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $95M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $194M |
| Net Receivables | $41M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $287M |
| PP&E (Net) | $66M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $43M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $112M |
| TOTAL ASSETS | $399M |
| Account Payables | $11M |
| Short-Term Debt | $32M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $143M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $227.0K |
| TOTAL NON-CURRENT LIABILITIES | $192M |
| TOTAL LIABILITIES | $250M |
| Common Stock | $212.0K |
| Additional Paid-In Capital | $444M |
| Retained Earnings | -$294M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$653.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $149M |
| Minority Interest | $0 |
| TOTAL EQUITY | $149M |
| TOTAL LIABILITIES & EQUITY | $399M |
| Total Debt | $226M |
| Net Debt | $190M |
