| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $55M | $54M | $50M | 3.0% | 11.4% |
| Op. Income | -$48M | -$43M | -$43M | -10.6% | -12.3% |
| Gross Margin | 47.0% | 48.9% | 50.2% | -1.9pp | -3.2pp |
| Net Margin | -68.6% | -70.6% | -81.0% | 2.0pp | 12.3pp |
| EPS (Diluted) | $-0.13 | $-0.14 | $-0.15 | 7.1% | 13.3% |
| Free Cash Flow | -$32M | -$7M | -$33M | -348.0% | 5.3% |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $26M |
| R&D Expenses | $33M |
| Selling & Marketing | $21M |
| General & Administrative | $20M |
| SG&A Expenses | $41M |
| Other Expenses | -$69.0K |
| Operating Expenses | $74M |
| Cost & Expenses | $103M |
| OPERATING INCOME | -$48M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $355.0K |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $14M |
| EBIT | -$48M |
| EBITDA | -$34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | $968.0K |
| NET CASH FROM INVESTING | $20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $412.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $213M |
| Net Receivables | $45M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $388M |
| PP&E (Net) | $136M |
| Goodwill | $136M |
| Intangible Assets | $41M |
| Long-Term Investments | $10M |
| Tax Assets | -$10M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $326M |
| TOTAL ASSETS | $714M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $67M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $131M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $180M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$242.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $534M |
| Minority Interest | $0 |
| TOTAL EQUITY | $534M |
| TOTAL LIABILITIES & EQUITY | $714M |
| Total Debt | $25M |
| Net Debt | -$77M |
