| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $15M | $14M | 28.6% | 43.2% |
| Op. Income | -$14M | -$16M | -$9M | 11.6% | -48.4% |
| Gross Margin | 83.7% | 86.1% | 84.5% | -2.4pp | -0.8pp |
| Net Margin | -82.9% | -101.3% | -63.8% | 18.4pp | -19.1pp |
| EPS (Diluted) | $-0.62 | $-0.60 | $-0.53 | -3.3% | -17.0% |
| Free Cash Flow | -$11M | -$15M | -$9M | 28.5% | -16.3% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $16M |
| R&D Expenses | $5M |
| Selling & Marketing | $15M |
| General & Administrative | $10M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $33M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$28.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $310.0K |
| EBIT | -$15M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $310.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | -$56.0K |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $26M |
| Net Receivables | $13M |
| Inventory | $6M |
| Other Current Assets | -$3M |
| TOTAL CURRENT ASSETS | $64M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $590.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $81M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $332.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $69M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $364M |
| Retained Earnings | -$348M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | $12M |
| Minority Interest | $0 |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $81M |
| Total Debt | $46M |
| Net Debt | $27M |
