| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $10M | $8M | -21.7% | 2.0% |
| Op. Income | -$14M | -$12M | -$14M | -17.4% | -0.7% |
| Gross Margin | 76.4% | 85.7% | 90.1% | -9.3pp | -13.7pp |
| Net Margin | -141.6% | -89.9% | -140.6% | -51.7pp | -1.0pp |
| EPS (Diluted) | $-0.11 | $-0.09 | $-0.11 | -22.8% | 0.0% |
| Free Cash Flow | -$5M | -$5M | -$9M | 6.5% | 46.5% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $6M |
| R&D Expenses | $5M |
| Selling & Marketing | $6M |
| General & Administrative | $8M |
| SG&A Expenses | $14M |
| Other Expenses | $1M |
| Operating Expenses | $20M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$14M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $1M |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$406.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $228.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$555.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $117M |
| Net Receivables | $5M |
| Inventory | $10M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $173M |
| PP&E (Net) | $32M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $43M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $249M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $277.0K |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $1M |
| Additional Paid-In Capital | $419M |
| Retained Earnings | -$206M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $213M |
| Minority Interest | $0 |
| TOTAL EQUITY | $213M |
| TOTAL LIABILITIES & EQUITY | $249M |
| Total Debt | $18M |
| Net Debt | -$19M |
