| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $150M | $137M | $135M | 8.9% | 10.5% |
| Op. Income | -$9M | -$5M | -$13M | -82.0% | 34.7% |
| Gross Margin | 13.8% | 17.0% | 21.4% | -3.2pp | -7.5pp |
| Net Margin | -4.0% | -2.6% | -8.6% | -1.3pp | 4.6pp |
| EPS (Diluted) | $-0.08 | $-0.04 | $-0.15 | -73.3% | 48.5% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $150M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $21M |
| R&D Expenses | $4M |
| Selling & Marketing | $19M |
| General & Administrative | $6M |
| SG&A Expenses | $25M |
| Other Expenses | -$76.0K |
| Operating Expenses | $29M |
| Cost & Expenses | $158M |
| OPERATING INCOME | -$9M |
| Interest Income | $1M |
| Interest Expense | $224.7K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $0 |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $978.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| 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 | $109M |
| Short-Term Investments | $44M |
| Net Receivables | $27M |
| Inventory | $102M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $351M |
| PP&E (Net) | $56M |
| Goodwill | $0 |
| Intangible Assets | $161.6K |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $62M |
| TOTAL ASSETS | $413M |
| Account Payables | $150M |
| Short-Term Debt | $66M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $264M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $732.6K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $269M |
| Common Stock | $14.7K |
| Additional Paid-In Capital | $290M |
| Retained Earnings | -$143M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $144M |
| Minority Interest | $0 |
| TOTAL EQUITY | $144M |
| TOTAL LIABILITIES & EQUITY | $413M |
| Total Debt | $66M |
| Net Debt | -$43M |
