| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $13M | $14M | -51.5% | -55.1% |
| Op. Income | -$7M | -$12M | -$36M | 40.6% | 79.3% |
| Gross Margin | 56.6% | 33.2% | 28.9% | 23.4pp | 27.7pp |
| Net Margin | -17.3% | -147.7% | -370.8% | 130.5pp | 353.5pp |
| EPS (Diluted) | $-1.31 | $-24.31 | $-74.81 | 94.6% | 98.3% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $4M |
| R&D Expenses | $718.9K |
| Selling & Marketing | $4M |
| General & Administrative | $7M |
| SG&A Expenses | $11M |
| Other Expenses | -$1M |
| Operating Expenses | $11M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $798.7K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $176.1K |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $323.9K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| 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 | $19M |
| Short-Term Investments | $36M |
| Net Receivables | $79M |
| Inventory | $606.2K |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $142M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $368.4K |
| Long-Term Investments | $33M |
| Tax Assets | $10M |
| Other Non-Current Assets | $518.0K |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $188M |
| Account Payables | $22M |
| Short-Term Debt | $159M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $217M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $207.9K |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $27M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $4M |
| TOTAL STOCKHOLDERS' EQUITY | -$32M |
| Minority Interest | $50.6K |
| TOTAL EQUITY | -$32M |
| TOTAL LIABILITIES & EQUITY | $188M |
| Total Debt | $163M |
| Net Debt | $144M |
