| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $74M | $34M | -30.1% | 52.0% |
| Op. Income | -$16M | $3M | -$28M | -721.4% | 41.8% |
| Gross Margin | 66.5% | 78.9% | 60.6% | -12.3pp | 5.9pp |
| Net Margin | -57.2% | -83.9% | -121.4% | 26.7pp | 64.3pp |
| EPS (Diluted) | $-0.15 | $-0.33 | $-0.37 | 54.5% | 59.5% |
| Free Cash Flow | -$35M | -$7M | -$19M | -387.4% | -83.7% |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $34M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $26.0K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | -$411.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$167.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$167.0K |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145M |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $80M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $308M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $56.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $314M |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $166M |
| Long-Term Debt | $263M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $252M |
| TOTAL NON-CURRENT LIABILITIES | $518M |
| TOTAL LIABILITIES | $684M |
| Common Stock | $195.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.6B |
| Treasury Stock | -$55M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$370M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$370M |
| TOTAL LIABILITIES & EQUITY | $314M |
| Total Debt | $269M |
| Net Debt | $124M |
