| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $27M | $26M | -12.2% | -9.7% |
| Op. Income | $2M | $4M | $5M | -53.2% | -58.9% |
| Gross Margin | 73.9% | 78.6% | 79.4% | -4.7pp | -5.5pp |
| Net Margin | 6.1% | 10.9% | 11.5% | -4.7pp | -5.4pp |
| EPS (Diluted) | $0.01 | $0.02 | $0.02 | -50.6% | -51.6% |
| Free Cash Flow | $10M | -$2M | $20M | 515.8% | -47.1% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $17M |
| R&D Expenses | $992.0K |
| Selling & Marketing | $5M |
| General & Administrative | $10M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $2M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $259.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $688.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $494.0K |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $17M |
| R&D Expenses | $992.0K |
| Selling & Marketing | $5M |
| General & Administrative | $10M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $2M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $259.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $688.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $494.0K |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $494.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $642.0K |
| Other Non-Cash Items | $291.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$900.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $250M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $295M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22M |
| Tax Assets | $66M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $101M |
| TOTAL ASSETS | $396M |
| Account Payables | $282.0K |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $134M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $144M |
| TOTAL LIABILITIES | $175M |
| Common Stock | $1M |
| Additional Paid-In Capital | $502M |
| Retained Earnings | -$184M |
| Treasury Stock | -$98M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $220M |
| Minority Interest | $0 |
| TOTAL EQUITY | $220M |
| TOTAL LIABILITIES & EQUITY | $396M |
| Total Debt | $145M |
| Net Debt | -$105M |
