| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $7M | — | 31.0% | — |
| Op. Income | -$145M | -$139M | — | -4.1% | — |
| Gross Margin | 100.0% | 62.6% | — | 37.4pp | — |
| Net Margin | -1489.5% | -2112.6% | — | 623.1pp | — |
| EPS (Diluted) | $-1.34 | $-1.52 | — | 11.8% | — |
| Free Cash Flow | -$86M | -$59M | -$106M | -45.5% | 18.5% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $9M |
| R&D Expenses | $123M |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $154M |
| Cost & Expenses | $154M |
| OPERATING INCOME | -$145M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$136M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$136M |
| D&A | $3M |
| EBIT | -$145M |
| EBITDA | -$142M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$136M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$85M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$206M |
| Sales/Maturities of Investments | $179M |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $82M |
| FREE CASH FLOW | -$86M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $538M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $711M |
| PP&E (Net) | $129M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $317M |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $462M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $106M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $105M |
| TOTAL LIABILITIES | $211M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $963M |
| Minority Interest | $0 |
| TOTAL EQUITY | $963M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $102M |
| Net Debt | -$19M |
