| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $302.0K | $357.0K | $468.0K | -15.4% | -35.5% |
| Op. Income | -$57M | -$37M | -$26M | -51.6% | -122.7% |
| Gross Margin | -13767.9% | -7535.9% | -3588.0% | -6232.0pp | -10179.8pp |
| Net Margin | -17188.7% | -9153.2% | -5263.2% | -8035.5pp | -11925.5pp |
| EPS (Diluted) | $-2.75 | $-1.74 | $-2.72 | -58.0% | -1.1% |
| Free Cash Flow | -$28M | -$27M | -$23M | -0.8% | -19.8% |
| Item | Amount |
|---|---|
| REVENUE | $302.0K |
| Cost of Revenue | $42M |
| GROSS PROFIT | -$42M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$42M |
| Operating Expenses | $15M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$57M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $92.0K |
| EBIT | -$57M |
| EBITDA | -$57M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | -$4M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $62M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $50M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $200.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $169M |
| Short-Term Investments | $188M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $360M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $54M |
| Tax Assets | $0 |
| Other Non-Current Assets | $416.0K |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $416M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $293.0K |
| TOTAL NON-CURRENT LIABILITIES | $729.0K |
| TOTAL LIABILITIES | $34M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$778M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | $383M |
| Minority Interest | $0 |
| TOTAL EQUITY | $383M |
| TOTAL LIABILITIES & EQUITY | $416M |
| Total Debt | $2M |
| Net Debt | -$167M |
