Q3 2024 Earnings

Reported September 29, 2024

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q3 2024	Q2 2024	Q3 2023	QoQ Change	YoY Change
Revenue	$0	$0	—	—	—
Op. Income	-$16M	-$27M	—	39.5%	—
EPS (Diluted)	$-0.63	$-7.82	—	91.9%	—
Free Cash Flow	-$22M	-$16M	—	-42.1%	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$5.0K
GROSS PROFIT	-$5.0K
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$16M
Cost & Expenses	$16M
OPERATING INCOME	-$16M
Interest Income	$384.0K
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	-$14M
Income Tax Expense	$0
Net Income from Continuing Ops	-$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$14M
D&A	$5.0K
EBIT	-$14M
EBITDA	-$14M
EPS	-$1
EPS Diluted	-$1

Cash Flow Statement

Item	Amount
Net Income	-$14M
Depreciation & Amortization	$5.0K
Stock-Based Compensation	$472.0K
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	-$10M
OPERATING CASH FLOW	-$22M
Capital Expenditure	-$443.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$29M
Other Investing Activities	$0
NET CASH FROM INVESTING	$29M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$20.0K
FREE CASH FLOW	-$22M
Net Change in Cash	$0