| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $19M | $22M | -29.2% | -39.4% |
| Op. Income | -$4M | -$647.0K | -$460.0K | -582.5% | -860.0% |
| Gross Margin | 91.3% | 90.7% | 93.4% | 0.6pp | -2.1pp |
| Net Margin | -47.4% | -12.1% | -10.1% | -35.4pp | -37.4pp |
| EPS (Diluted) | $-0.13 | $-0.06 | $-0.06 | -136.4% | -130.9% |
| Free Cash Flow | -$4M | -$3M | -$2M | -33.3% | -58.6% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $4M |
| SG&A Expenses | $13M |
| Other Expenses | $3M |
| Operating Expenses | $16M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$4M |
| Interest Income | $105.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $0 |
| 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 | $583.0K |
| EBIT | -$5M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $583.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$492.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$405.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$405.0K |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$187.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$789.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $2M |
| Goodwill | $5M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $52.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $33M |
| Account Payables | $5M |
| Short-Term Debt | $19M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31.0K |
| TOTAL NON-CURRENT LIABILITIES | $587.0K |
| TOTAL LIABILITIES | $30M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $177M |
| Retained Earnings | -$174M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $33M |
| Total Debt | $20M |
| Net Debt | $12M |
