| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $8M | $10M | 0.7% | -22.1% |
| Op. Income | -$381.6K | -$539.6K | -$522.0K | 29.3% | 26.9% |
| Gross Margin | 20.4% | 19.9% | 18.0% | 0.5pp | 2.4pp |
| Net Margin | -5.1% | -7.1% | -5.3% | 2.0pp | 0.2pp |
| EPS (Diluted) | $-0.36 | $-0.55 | $-0.53 | 34.5% | 32.5% |
| Free Cash Flow | $446.9K | -$664.9K | $565.5K | 167.2% | -21.0% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $349.6K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$381.6K |
| Interest Income | $20.2K |
| Interest Expense | $14.5K |
| Other Income/Expenses | $4.5K |
| INCOME BEFORE TAX | -$377.1K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$377.1K |
| Net Income from Discontinued Ops | -$22.5K |
| Other Adjustments | $0 |
| NET INCOME | -$399.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$399.6K |
| D&A | $83.1K |
| EBIT | -$362.6K |
| EBITDA | -$279.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$399.6K |
| Depreciation & Amortization | $83.1K |
| Stock-Based Compensation | $20.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.2K |
| Change in Working Capital | $750.5K |
| OPERATING CASH FLOW | $456.5K |
| Capital Expenditure | -$9.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9.6K |
| Net Debt Issuance | -$150.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$150.0K |
| FREE CASH FLOW | $446.9K |
| Net Change in Cash | $296.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $243.3K |
| Other Current Assets | $440.0K |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $3M |
| Goodwill | $2M |
| Intangible Assets | $733.6K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $68.7K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $15M |
| Account Payables | $144.5K |
| Short-Term Debt | $600.0K |
| Deferred Revenue | $205.0K |
| Other Current Liabilities | $175.5K |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $20M |
| Retained Earnings | -$19M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1M |
| Minority Interest | $0 |
| TOTAL EQUITY | $1M |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $4M |
| Net Debt | $984.1K |
