| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $2M | $0 | 310.8% | — |
| Op. Income | -$62M | -$49M | -$43M | -26.5% | -44.7% |
| Gross Margin | 91.3% | 96.1% | — | -4.8pp | — |
| Net Margin | -653.1% | -2086.9% | — | 1433.8pp | — |
| EPS (Diluted) | $-0.51 | $-0.40 | $-0.36 | -27.5% | -41.7% |
| Free Cash Flow | -$41M | -$42M | -$35M | 1.3% | -16.2% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $806.0K |
| GROSS PROFIT | $8M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$62M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$61M |
| D&A | $559.0K |
| EBIT | -$62M |
| EBITDA | -$62M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$61M |
| Depreciation & Amortization | $559.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$5.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $61.0K |
| NET CASH FROM FINANCING | $61.0K |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $27M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $151M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $162M |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $219.0K |
| TOTAL LIABILITIES | $79M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $967M |
| Retained Earnings | -$884M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $83M |
| Minority Interest | $0 |
| TOTAL EQUITY | $83M |
| TOTAL LIABILITIES & EQUITY | $162M |
| Total Debt | $2M |
| Net Debt | -$105M |
