| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $134M | $225M | $144M | -40.6% | -7.2% |
| Op. Income | -$149M | -$66M | -$143M | -124.9% | -3.8% |
| Gross Margin | 99.2% | 98.2% | 98.5% | 1.0pp | 0.7pp |
| Net Margin | -105.0% | -29.4% | -102.2% | -75.6pp | -2.8pp |
| EPS (Diluted) | $-0.95 | $-0.45 | $-1.03 | -111.1% | 7.8% |
| Free Cash Flow | -$124M | -$140M | -$112M | 11.5% | -10.5% |
| Item | Amount |
|---|---|
| REVENUE | $134M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $133M |
| R&D Expenses | $220M |
| Selling & Marketing | $0 |
| General & Administrative | $62M |
| SG&A Expenses | $62M |
| Other Expenses | $38.0K |
| Operating Expenses | $281M |
| Cost & Expenses | $282M |
| OPERATING INCOME | -$149M |
| Interest Income | $26M |
| Interest Expense | $23M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$144M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$140M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$140M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$140M |
| D&A | $5M |
| EBIT | -$123M |
| EBITDA | -$117M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$140M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$150M |
| Change in Working Capital | $140M |
| OPERATING CASH FLOW | -$115M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$715M |
| Sales/Maturities of Investments | $371M |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$341M |
| Net Debt Issuance | -$48.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $496M |
| FREE CASH FLOW | -$124M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $335M |
| Short-Term Investments | $2.1B |
| Net Receivables | $18M |
| Inventory | $28M |
| Other Current Assets | $184M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $247M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $41M |
| Tax Assets | $0 |
| Other Non-Current Assets | $79M |
| TOTAL NON-CURRENT ASSETS | $367M |
| TOTAL ASSETS | $3.1B |
| Account Payables | $9M |
| Short-Term Debt | $44M |
| Deferred Revenue | $76M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $305M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $174M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $538M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $158.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $662M |
| Minority Interest | $0 |
| TOTAL EQUITY | $662M |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $1.4B |
| Net Debt | $1.1B |
