| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $255M | $225M | — | 13.2% | — |
| Op. Income | -$160M | -$204M | — | 21.7% | — |
| Gross Margin | 3.2% | 9.2% | — | -5.9pp | — |
| Net Margin | -80.8% | -89.5% | — | 8.7pp | — |
| EPS (Diluted) | $-0.31 | $-0.30 | — | -3.3% | — |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $255M |
| Cost of Revenue | $247M |
| GROSS PROFIT | $8M |
| R&D Expenses | $53M |
| Selling & Marketing | $56M |
| General & Administrative | $63M |
| SG&A Expenses | $119M |
| Other Expenses | -$3M |
| Operating Expenses | $168M |
| Cost & Expenses | $415M |
| OPERATING INCOME | -$160M |
| Interest Income | $7M |
| Interest Expense | $9M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | -$205M |
| Income Tax Expense | $800.0K |
| Net Income from Continuing Ops | -$206M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$206M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$206M |
| D&A | $22M |
| EBIT | -$197M |
| EBITDA | -$174M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$206M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $203M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $191M |
| Short-Term Investments | $0 |
| Net Receivables | $151M |
| Inventory | $321M |
| Other Current Assets | $631M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $497M |
| Goodwill | $0 |
| Intangible Assets | $117M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $678M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $549M |
| Short-Term Debt | $817M |
| Deferred Revenue | $48M |
| Other Current Liabilities | $105M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $185M |
| Deferred Revenue NC | $309M |
| Deferred Tax Liabilities | $477 |
| Other Non-Current Liabilities | $256M |
| TOTAL NON-CURRENT LIABILITIES | $835M |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$371M |
| Minority Interest | -$7M |
| TOTAL EQUITY | -$378M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.1B |
| Net Debt | $907M |
