| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $886.0K | $2M | 49.3% | -21.2% |
| Op. Income | -$473.0K | -$832.0K | -$981.0K | 43.1% | 51.8% |
| Gross Margin | 41.0% | 12.6% | 14.4% | 28.4pp | 26.7pp |
| Net Margin | -24.1% | -63.1% | -45.0% | 39.0pp | 20.9pp |
| EPS (Diluted) | $-0.04 | $-0.11 | $-0.15 | 59.6% | 70.4% |
| Free Cash Flow | $98.0K | -$619.0K | -$689.0K | 115.8% | 114.2% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $780.0K |
| GROSS PROFIT | $543.0K |
| R&D Expenses | $320.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $696.0K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$473.0K |
| Interest Income | $0 |
| Interest Expense | $58.0K |
| Other Income/Expenses | $157.0K |
| INCOME BEFORE TAX | -$316.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$316.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$319.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$319.0K |
| D&A | $144.0K |
| EBIT | -$258.0K |
| EBITDA | -$114.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$319.0K |
| Depreciation & Amortization | $144.0K |
| Stock-Based Compensation | $31.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $148.0K |
| Change in Working Capital | $105.0K |
| OPERATING CASH FLOW | $109.0K |
| Capital Expenditure | -$11.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11.0K |
| Net Debt Issuance | -$105.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$105.0K |
| FREE CASH FLOW | $98.0K |
| Net Change in Cash | $59.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $668.0K |
| Inventory | $4M |
| Other Current Assets | $359.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $91.0K |
| Long-Term Investments | $957.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $190.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $12M |
| Account Payables | $203.0K |
| Short-Term Debt | $3M |
| Deferred Revenue | $349.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $969.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $0 |
| Additional Paid-In Capital | $187M |
| Retained Earnings | -$188M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $50.0K |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $5M |
| Net Debt | $3M |
