| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $67M | $50M | -8.7% | 22.1% |
| Op. Income | -$15M | -$8M | -$13M | -100.9% | -15.1% |
| Gross Margin | 70.2% | 70.3% | 69.1% | -0.2pp | 1.0pp |
| Net Margin | -31.4% | -17.0% | -33.8% | -14.4pp | 2.5pp |
| EPS (Diluted) | $-0.30 | $-0.18 | $-0.30 | -66.7% | 0.0% |
| Free Cash Flow | -$7M | -$8M | -$1M | 7.7% | -387.5% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $43M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $4M |
| Operating Expenses | $58M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$15M |
| Interest Income | $928.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $134.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $1M |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $0 |
| Net Receivables | $45M |
| Inventory | $15M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $150M |
| PP&E (Net) | $11M |
| Goodwill | $21M |
| Intangible Assets | $47M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $858.0K |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $230M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29.0K |
| Other Non-Current Liabilities | $156M |
| TOTAL NON-CURRENT LIABILITIES | $163M |
| TOTAL LIABILITIES | $224M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $609M |
| Retained Earnings | -$603M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$689.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $230M |
| Total Debt | $9M |
| Net Debt | -$76M |
