| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $23M | $14M | 37.3% | 118.3% |
| Op. Income | $7M | -$3M | -$2M | 339.3% | 420.7% |
| Gross Margin | 36.3% | 20.5% | 25.2% | 15.8pp | 11.1pp |
| Net Margin | -22.2% | -107.8% | -652.7% | 85.6pp | 630.5pp |
| EPS (Diluted) | $-0.08 | $-0.29 | $-1.13 | 72.4% | 92.9% |
| Free Cash Flow | -$26M | -$5M | -$61M | -438.8% | 57.6% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $319.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $843.0K |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $16M |
| EBIT | -$3M |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $633.0K |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$31M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$638.0K |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $7M |
| Net Receivables | $8M |
| Inventory | $72M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $105M |
| PP&E (Net) | $101M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $126M |
| TOTAL ASSETS | $231M |
| Account Payables | $8M |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $51M |
| Common Stock | $451M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$344M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $54M |
| Other Equity | $19M |
| TOTAL STOCKHOLDERS' EQUITY | $180M |
| Minority Interest | $0 |
| TOTAL EQUITY | $180M |
| TOTAL LIABILITIES & EQUITY | $231M |
| Total Debt | $33M |
| Net Debt | $15M |
