| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59M | $22M | $7M | 169.6% | 753.2% |
| Op. Income | $601.0K | -$31M | -$39M | 101.9% | 101.5% |
| Gross Margin | 100.0% | 99.5% | -414.6% | 0.5pp | 514.6pp |
| Net Margin | -17.0% | -96.1% | -447.0% | 79.1pp | 430.0pp |
| EPS (Diluted) | $-0.13 | $-0.20 | $-0.37 | 35.3% | 65.6% |
| Free Cash Flow | -$43M | -$42M | -$43M | -1.5% | 1.4% |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $59M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | -$19.9K |
| Operating Expenses | $59M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $601.0K |
| Interest Income | $6M |
| Interest Expense | $274.8K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $4M |
| EBIT | -$2M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $82M |
| Other Investing Activities | $1.2K |
| NET CASH FROM INVESTING | $78M |
| Net Debt Issuance | -$971.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$880.4K |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $221M |
| Short-Term Investments | $352M |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $646.6K |
| TOTAL CURRENT ASSETS | $600M |
| PP&E (Net) | $72M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $75M |
| TOTAL ASSETS | $675M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $81M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $151M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $61M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $228M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$733M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $447M |
| Minority Interest | $0 |
| TOTAL EQUITY | $447M |
| TOTAL LIABILITIES & EQUITY | $675M |
| Total Debt | $19M |
| Net Debt | -$202M |
