| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $998.0K | $40M | 4542.6% | 15.4% |
| Op. Income | -$17M | -$46M | -$63M | 63.8% | 73.6% |
| Gross Margin | 88.6% | -3156.5% | 89.4% | 3245.1pp | -0.9pp |
| Net Margin | -36.9% | -1557.5% | -158.5% | 1520.6pp | 121.6pp |
| EPS (Diluted) | $-4.25 | $-3.89 | $-0.65 | -9.3% | -553.8% |
| Free Cash Flow | -$8M | -$40M | -$85M | 78.8% | 90.1% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $41M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $19M |
| Operating Expenses | $58M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$17M |
| Interest Income | $4M |
| Interest Expense | $5M |
| Other Income/Expenses | -$294.0K |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $12.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $739.0K |
| EBIT | -$13M |
| EBITDA | -$12M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $739.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$82.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $837.0K |
| NET CASH FROM INVESTING | $755.0K |
| Net Debt Issuance | -$16.0K |
| Common Stock Repurchased | -$111.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$127.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $24M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $245M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $264M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $29M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $191M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $126M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $76M |
| TOTAL NON-CURRENT LIABILITIES | $276M |
| TOTAL LIABILITIES | $466M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$244M |
| Minority Interest | $42M |
| TOTAL EQUITY | -$202M |
| TOTAL LIABILITIES & EQUITY | $264M |
| Total Debt | $79M |
| Net Debt | -$52M |
