| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $299.0K | $299.0K | $0 | 0.0% | — |
| Op. Income | -$12M | -$17M | -$19M | 29.2% | 37.7% |
| Gross Margin | 100.0% | 88.6% | — | 11.4pp | — |
| Net Margin | -3834.8% | -5430.1% | — | 1595.3pp | — |
| EPS (Diluted) | $-2.08 | $-2.96 | $-3.60 | 29.7% | 42.2% |
| Free Cash Flow | -$14M | -$10M | -$16M | -30.0% | 17.8% |
| Item | Amount |
|---|---|
| REVENUE | $299.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $299.0K |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$12M |
| Interest Income | $986.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $600.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $32.0K |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $32.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $963.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$219.0K |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11.0K |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $50M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $78M |
| PP&E (Net) | $346.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $431.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $777.0K |
| TOTAL ASSETS | $79M |
| Account Payables | $583.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $8M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $353M |
| Retained Earnings | -$282M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $169.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $71M |
| Minority Interest | $0 |
| TOTAL EQUITY | $71M |
| TOTAL LIABILITIES & EQUITY | $79M |
| Total Debt | $230.0K |
| Net Debt | -$25M |
