| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $147M | $98M | -5.1% | 42.3% |
| Op. Income | -$132M | -$116M | -$145M | -13.4% | 9.0% |
| Gross Margin | 84.9% | 85.5% | 88.8% | -0.6pp | -3.9pp |
| Net Margin | -95.7% | -89.5% | -162.8% | -6.2pp | 67.1pp |
| EPS (Diluted) | $-1.40 | $-1.52 | $-2.23 | 7.9% | 37.2% |
| Free Cash Flow | -$69M | -$81M | -$122M | 15.8% | 43.6% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $118M |
| R&D Expenses | $170M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $250M |
| Cost & Expenses | $271M |
| OPERATING INCOME | -$132M |
| Interest Income | $11M |
| Interest Expense | $16M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$133M |
| Income Tax Expense | $303.0K |
| Net Income from Continuing Ops | -$134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$134M |
| D&A | $9M |
| EBIT | -$118M |
| EBITDA | -$109M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$134M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | -$67M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$367M |
| Sales/Maturities of Investments | $94M |
| Other Investing Activities | -$203.0K |
| NET CASH FROM INVESTING | -$276M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$69M |
| Net Change in Cash | -$330M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $151M |
| Short-Term Investments | $471M |
| Net Receivables | $93M |
| Inventory | $43M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $800M |
| PP&E (Net) | $272M |
| Goodwill | $44M |
| Intangible Assets | $165M |
| Long-Term Investments | $203M |
| Tax Assets | $0 |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $739M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $36M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $156M |
| TOTAL CURRENT LIABILITIES | $285M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $846M |
| TOTAL NON-CURRENT LIABILITIES | $900M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $92.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$3.8B |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | $896.0K |
| Other Equity | $4M |
| TOTAL STOCKHOLDERS' EQUITY | $347M |
| Minority Interest | $7M |
| TOTAL EQUITY | $354M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $34M |
| Net Debt | -$117M |
