| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $872.3K | — | 81.7% | — |
| Op. Income | -$410.9K | -$989.9K | — | 58.5% | — |
| Gross Margin | 54.2% | 53.4% | — | 0.8pp | — |
| Net Margin | -32.0% | -114.1% | — | 82.1pp | — |
| EPS (Diluted) | $-1.05 | $-4.20 | — | 74.9% | — |
| Free Cash Flow | -$216.9K | -$602.6K | — | 64.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $725.2K |
| GROSS PROFIT | $859.6K |
| R&D Expenses | $30.7K |
| Selling & Marketing | $11.9K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | -$30.7K |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$410.9K |
| Interest Income | $0 |
| Interest Expense | $96.3K |
| Other Income/Expenses | -$96.9K |
| INCOME BEFORE TAX | -$507.8K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$507.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$507.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$507.8K |
| D&A | $35.7K |
| EBIT | -$410.9K |
| EBITDA | -$375.3K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$507.8K |
| Depreciation & Amortization | $35.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $171.6K |
| Change in Working Capital | $106.1K |
| OPERATING CASH FLOW | -$194.4K |
| Capital Expenditure | -$22.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$53.8K |
| NET CASH FROM INVESTING | -$76.3K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $424.1K |
| NET CASH FROM FINANCING | $424.1K |
| FREE CASH FLOW | -$216.9K |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $193.5K |
| Net Receivables | $1M |
| Inventory | $1M |
| Other Current Assets | $40.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $208.7K |
| Goodwill | $0 |
| Intangible Assets | $209.8K |
| Long-Term Investments | $18.8K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $8M |
| Account Payables | $40.0K |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $767.5K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $709.1K |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $6M |
| Common Stock | $626.5K |
| Additional Paid-In Capital | $15M |
| Retained Earnings | -$14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $3M |
| Net Debt | $629.1K |
