| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $22M | $25M | 99.9% | 77.3% |
| Op. Income | -$32M | -$30M | -$21M | -4.8% | -49.8% |
| Gross Margin | 51.7% | 46.1% | 44.0% | 5.6pp | 7.8pp |
| Net Margin | -59.9% | -203.3% | -82.8% | 143.4pp | 22.9pp |
| EPS (Diluted) | $-0.07 | $-0.12 | $-0.27 | 41.7% | 74.1% |
| Free Cash Flow | -$30M | -$41M | -$12M | 26.5% | -144.6% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $23M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $7M |
| Operating Expenses | $55M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$32M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $118.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $4M |
| EBIT | -$24M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21.0K |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$79M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2.0K |
| NET CASH FROM FINANCING | -$2.0K |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $211M |
| Short-Term Investments | $156M |
| Net Receivables | $35M |
| Inventory | $43M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $454M |
| PP&E (Net) | $72M |
| Goodwill | $106M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $228M |
| TOTAL ASSETS | $682M |
| Account Payables | $11M |
| Short-Term Debt | $55M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $121M |
| Long-Term Debt | $299.0K |
| Deferred Revenue NC | $41M |
| Deferred Tax Liabilities | $841.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $72M |
| TOTAL LIABILITIES | $192M |
| Common Stock | $390.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$46M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $489M |
| Minority Interest | $0 |
| TOTAL EQUITY | $489M |
| TOTAL LIABILITIES & EQUITY | $682M |
| Total Debt | $89M |
| Net Debt | -$121M |
