| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | 4.1% | 16.3% |
| Op. Income | -$8M | -$8M | -$6M | -2.4% | -50.1% |
| Gross Margin | 22.9% | 19.0% | 28.1% | 3.8pp | -5.3pp |
| Net Margin | -435.9% | -454.8% | -332.8% | 18.9pp | -103.1pp |
| EPS (Diluted) | $-0.16 | $-0.22 | $-0.15 | 27.3% | -6.7% |
| Free Cash Flow | -$6M | -$5M | -$4M | -26.8% | -47.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $414.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$8M |
| Interest Income | $572.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $572.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $572.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$8M |
| NET INCOME | -$8M |
| Net Income Deductions | -$8M |
| BOTTOM LINE NET INCOME | $572.0K |
| D&A | $70.0K |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $70.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$303.0K |
| Change in Working Capital | -$20.0K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$421.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$19.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$965.0K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $25M |
| Net Receivables | $2M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $996.0K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $50M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $286M |
| Retained Earnings | -$244M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $41M |
| Minority Interest | $0 |
| TOTAL EQUITY | $41M |
| TOTAL LIABILITIES & EQUITY | $50M |
| Total Debt | $1M |
| Net Debt | -$15M |
