| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $122M | $115M | 12.0% | 19.3% |
| Op. Income | -$66M | -$55M | -$60M | -19.4% | -10.4% |
| Gross Margin | 28.5% | 26.8% | 20.5% | 1.7pp | 8.0pp |
| Net Margin | -49.6% | -46.9% | -53.7% | -2.7pp | 4.2pp |
| EPS (Diluted) | $-0.95 | $-0.81 | $-0.88 | -17.3% | -8.0% |
| Free Cash Flow | $14M | -$13M | -$9M | 206.8% | 265.9% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $39M |
| R&D Expenses | $0 |
| Selling & Marketing | $51M |
| General & Administrative | $31M |
| SG&A Expenses | $83M |
| Other Expenses | $22M |
| Operating Expenses | $105M |
| Cost & Expenses | $202M |
| OPERATING INCOME | -$66M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$66M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$68M |
| D&A | $5M |
| EBIT | -$66M |
| EBITDA | -$61M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$68M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $70M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$123M |
| Sales/Maturities of Investments | $71M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $24M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $330M |
| Short-Term Investments | $256M |
| Net Receivables | $488M |
| Inventory | $0 |
| Other Current Assets | -$1.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $16M |
| Goodwill | $19M |
| Intangible Assets | $16M |
| Long-Term Investments | $641M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$692M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.8B |
| Account Payables | $43M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$132M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $67M |
| Deferred Revenue NC | $61M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$150M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$100.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $593M |
| Minority Interest | $0 |
| TOTAL EQUITY | $593M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $89M |
| Net Debt | -$241M |
