| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $440M | $413M | $268M | 6.4% | 63.9% |
| Op. Income | -$39M | -$44M | -$111M | 10.4% | 64.6% |
| Gross Margin | 61.8% | 58.8% | 45.1% | 3.0pp | 16.7pp |
| Net Margin | -7.2% | -9.1% | -40.6% | 1.9pp | 33.5pp |
| EPS (Diluted) | $-0.26 | $-0.30 | $-0.95 | 13.3% | 72.6% |
| Free Cash Flow | $35M | -$8M | -$39M | 561.4% | 191.8% |
| Item | Amount |
|---|---|
| REVENUE | $440M |
| Cost of Revenue | $168M |
| GROSS PROFIT | $272M |
| R&D Expenses | $97M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $214M |
| Other Expenses | $0 |
| Operating Expenses | $311M |
| Cost & Expenses | $479M |
| OPERATING INCOME | -$39M |
| Interest Income | $12M |
| Interest Expense | $3M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $730.0K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $8M |
| EBIT | -$28M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $111M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $893M |
| Short-Term Investments | $29M |
| Net Receivables | $307M |
| Inventory | $49M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $230M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $268M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $28M |
| Short-Term Debt | $80M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $301M |
| Long-Term Debt | $287M |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $411M |
| TOTAL LIABILITIES | $712M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$765.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $879M |
| Minority Interest | $0 |
| TOTAL EQUITY | $879M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $476M |
| Net Debt | -$417M |
