| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $79M | $79M | $72M | 0.2% | 9.7% |
| Op. Income | -$14M | -$14M | -$25M | -1.0% | 43.2% |
| Gross Margin | 49.4% | 52.1% | 43.3% | -2.7pp | 6.1pp |
| Net Margin | -12.3% | -12.1% | -29.1% | -0.2pp | 16.8pp |
| EPS (Diluted) | $-0.06 | $-0.05 | $-0.12 | -5.1% | 52.1% |
| Free Cash Flow | $14M | $4M | $4M | 238.5% | 279.2% |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $39M |
| R&D Expenses | $17M |
| Selling & Marketing | $21M |
| General & Administrative | $16M |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $93M |
| OPERATING INCOME | -$14M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $639.0K |
| 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 | $1M |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$105.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $83.0K |
| NET CASH FROM INVESTING | -$22.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$47M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $316.0K |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $356M |
| Short-Term Investments | $33M |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $434M |
| PP&E (Net) | $40M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $495M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $101M |
| Common Stock | $0 |
| Additional Paid-In Capital | $965M |
| Retained Earnings | -$442M |
| Treasury Stock | -$130M |
| Accum. Other Comp. Income | $126.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $394M |
| Minority Interest | $0 |
| TOTAL EQUITY | $394M |
| TOTAL LIABILITIES & EQUITY | $495M |
| Total Debt | $28M |
| Net Debt | -$328M |
