| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $162.0K | 6.3% | 980.2% |
| Op. Income | -$64M | -$55M | -$50M | -15.1% | -28.3% |
| Gross Margin | 95.9% | 89.9% | 95.7% | 6.0pp | 0.3pp |
| Net Margin | -3703.5% | -3244.0% | -31188.3% | -459.5pp | 27484.8pp |
| EPS (Diluted) | $-0.18 | $-0.17 | $-0.21 | -5.9% | 14.3% |
| Free Cash Flow | -$54M | -$49M | -$42M | -10.5% | -29.3% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $71.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $65M |
| Cost & Expenses | $65M |
| OPERATING INCOME | -$64M |
| Interest Income | $3M |
| Interest Expense | $5M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$65M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$65M |
| D&A | $126.0K |
| EBIT | -$60M |
| EBITDA | -$60M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$65M |
| Depreciation & Amortization | $126.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$307.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$43M |
| Sales/Maturities of Investments | $96M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$906.0K |
| NET CASH FROM FINANCING | -$916.0K |
| FREE CASH FLOW | -$54M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $224M |
| Net Receivables | $3M |
| Inventory | $636.0K |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $269M |
| PP&E (Net) | $7M |
| Goodwill | $45M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $828.0K |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $321M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $100M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $107M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $363.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.9B |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $349.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $179M |
| Minority Interest | $0 |
| TOTAL EQUITY | $179M |
| TOTAL LIABILITIES & EQUITY | $321M |
| Total Debt | $101M |
| Net Debt | $67M |
