| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $29M | $23M | 14.4% | 47.8% |
| Op. Income | -$44M | -$40M | -$44M | -8.4% | 0.2% |
| Gross Margin | 88.5% | 89.9% | 89.3% | -1.4pp | -0.8pp |
| Net Margin | -131.2% | -110.9% | -196.2% | -20.3pp | 65.0pp |
| EPS (Diluted) | $-0.71 | $-0.53 | $-0.76 | -34.0% | 6.6% |
| Free Cash Flow | -$25M | -$29M | -$29M | 13.3% | 13.8% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $29M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$44M |
| Interest Income | $4M |
| Interest Expense | $5M |
| Other Income/Expenses | -$100.0K |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | -$344.0K |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $385.0K |
| EBIT | -$39M |
| EBITDA | -$38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $385.0K |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$136M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$91M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | -$114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $251M |
| Net Receivables | $19M |
| Inventory | $14M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $340M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $364M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $109M |
| TOTAL NON-CURRENT LIABILITIES | $113M |
| TOTAL LIABILITIES | $211M |
| Common Stock | $61.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$604.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $153M |
| Minority Interest | $0 |
| TOTAL EQUITY | $153M |
| TOTAL LIABILITIES & EQUITY | $364M |
| Total Debt | $4M |
| Net Debt | -$43M |
