| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $42M | $35M | 8.0% | 29.6% |
| Op. Income | -$44M | -$24M | -$19M | -86.2% | -135.5% |
| Gross Margin | -26.3% | -27.1% | -25.6% | 0.9pp | -0.7pp |
| Net Margin | -81.7% | -64.0% | -47.7% | -17.7pp | -34.0pp |
| EPS (Diluted) | $-0.08 | $-0.07 | $-0.07 | -23.2% | -19.6% |
| Free Cash Flow | -$125M | -$67M | -$11M | -87.7% | -1081.4% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $57M |
| GROSS PROFIT | -$12M |
| R&D Expenses | $0 |
| Selling & Marketing | $332.0K |
| General & Administrative | $27M |
| SG&A Expenses | $28M |
| Other Expenses | $5M |
| Operating Expenses | $32M |
| Cost & Expenses | $89M |
| OPERATING INCOME | -$44M |
| Interest Income | $2M |
| Interest Expense | $441.5K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | -$2.0K |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $29M |
| EBIT | -$36M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$111M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$117M |
| Net Debt Issuance | -$614.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $88.0K |
| NET CASH FROM FINANCING | $65M |
| FREE CASH FLOW | -$125M |
| Net Change in Cash | -$66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $73M |
| Net Receivables | $13M |
| Inventory | $1M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $189M |
| PP&E (Net) | $373M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $398M |
| TOTAL ASSETS | $587M |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $75M |
| Common Stock | $797M |
| Additional Paid-In Capital | $64M |
| Retained Earnings | -$352M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $512M |
| Minority Interest | $0 |
| TOTAL EQUITY | $512M |
| TOTAL LIABILITIES & EQUITY | $587M |
| Total Debt | $24M |
| Net Debt | -$49M |
