| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $12M | $11M | 8.0% | 25.7% |
| Op. Income | -$3M | -$5M | -$3M | 48.7% | -2.7% |
| Gross Margin | 37.6% | 14.7% | 48.7% | 22.9pp | -11.1pp |
| Net Margin | -26.0% | -48.0% | -23.1% | 22.0pp | -2.9pp |
| EPS (Diluted) | $-0.03 | $-0.05 | $-0.02 | 43.0% | -25.2% |
| Free Cash Flow | -$6M | -$3M | -$4M | -105.8% | -64.7% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $5M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$3M |
| Interest Income | $220.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$534.5K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $125.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $138.5K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $138.5K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $125.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$10.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$153.0K |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $22M |
| Net Receivables | $18M |
| Inventory | $7M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $124.9K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $71M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $370.9K |
| Other Current Liabilities | $698.4K |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $372.9K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $2M |
| Additional Paid-In Capital | $420M |
| Retained Earnings | -$400M |
| Treasury Stock | -$103.2K |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $71M |
| Total Debt | $2M |
| Net Debt | -$12M |
