| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $282.0K | $5M | 3768.8% | 113.8% |
| Op. Income | -$40M | -$46M | -$33M | 12.8% | -22.2% |
| Gross Margin | -9.9% | 100.0% | 100.0% | -109.9pp | -109.9pp |
| Net Margin | -360.5% | -17241.1% | -868.1% | 16880.6pp | 507.6pp |
| EPS (Diluted) | $-0.55 | $-0.76 | $-0.74 | 27.6% | 25.7% |
| Free Cash Flow | -$26M | -$21M | -$28M | -23.9% | 8.0% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $12M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$40M |
| Interest Income | $1M |
| Interest Expense | $3M |
| Other Income/Expenses | $711.0K |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $3M |
| EBIT | -$36M |
| EBITDA | -$33M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$730.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$584.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $50M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $713.0K |
| TOTAL CURRENT ASSETS | $139M |
| PP&E (Net) | $149M |
| Goodwill | $0 |
| Intangible Assets | $951.0K |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $160M |
| TOTAL ASSETS | $299M |
| Account Payables | $30M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $59M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $144M |
| TOTAL LIABILITIES | $204M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $763M |
| Retained Earnings | -$663M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $96M |
| Minority Interest | $0 |
| TOTAL EQUITY | $96M |
| TOTAL LIABILITIES & EQUITY | $299M |
| Total Debt | $87M |
| Net Debt | -$36M |
