| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $76M | $113M | -5.0% | -36.6% |
| Op. Income | -$6M | -$2M | $4M | -140.9% | -241.3% |
| Gross Margin | 40.6% | 43.3% | 37.5% | -2.7pp | 3.1pp |
| Net Margin | -13.7% | -4.4% | 0.1% | -9.3pp | -13.8pp |
| EPS (Diluted) | $-2.06 | $-0.70 | $0.02 | -194.3% | -8543.4% |
| Free Cash Flow | -$10M | -$4M | -$5M | -197.2% | -132.4% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $29M |
| R&D Expenses | $9M |
| Selling & Marketing | $14M |
| General & Administrative | $12M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $78M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $510.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $2M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $910.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $46M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $141M |
| PP&E (Net) | $23M |
| Goodwill | $13M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $199M |
| Account Payables | $22M |
| Short-Term Debt | $115M |
| Deferred Revenue | $73M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $241M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $60M |
| TOTAL LIABILITIES | $301M |
| Common Stock | $959.0K |
| Additional Paid-In Capital | $706M |
| Retained Earnings | -$808M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$587.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$102M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$102M |
| TOTAL LIABILITIES & EQUITY | $199M |
| Total Debt | $124M |
| Net Debt | $100M |
