| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $9M | $15M | 11.0% | -30.8% |
| Op. Income | -$33M | -$35M | -$14M | 5.2% | -127.4% |
| Gross Margin | 93.0% | 85.2% | 92.1% | 7.8pp | 0.9pp |
| Net Margin | -279.0% | -325.3% | -83.0% | 46.3pp | -196.0pp |
| EPS (Diluted) | $-0.54 | $-0.58 | $-0.33 | 6.9% | -63.6% |
| Free Cash Flow | -$41M | -$21M | -$17M | -92.6% | -139.9% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $736.0K |
| GROSS PROFIT | $10M |
| R&D Expenses | $30M |
| Selling & Marketing | $24.0K |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$33M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $408.0K |
| EBIT | -$29M |
| EBITDA | -$29M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $408.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | -$73.0K |
| Common Stock Repurchased | -$78.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $174M |
| Net Receivables | $378.0K |
| Inventory | $3M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $269M |
| PP&E (Net) | $30M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $301M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $233.0K |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $82M |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$832M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $219M |
| Minority Interest | $0 |
| TOTAL EQUITY | $219M |
| TOTAL LIABILITIES & EQUITY | $301M |
| Total Debt | $22M |
| Net Debt | -$58M |
