| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $47M | $43M | -25.4% | -17.1% |
| Op. Income | -$68M | -$53M | -$56M | -29.8% | -21.8% |
| Gross Margin | 50.2% | 66.2% | 55.5% | -16.0pp | -5.3pp |
| Net Margin | -108.1% | -114.2% | -145.7% | 6.1pp | 37.6pp |
| EPS (Diluted) | $-0.52 | $-0.74 | $-0.86 | 29.7% | 39.5% |
| Free Cash Flow | -$35M | -$55M | -$55M | 36.8% | 36.9% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $18M |
| R&D Expenses | $51M |
| Selling & Marketing | $10M |
| General & Administrative | $25M |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $86M |
| Cost & Expenses | $104M |
| OPERATING INCOME | -$68M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | -$90.0K |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $2M |
| EBIT | -$68M |
| EBITDA | -$67M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$27M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $49M |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $91M |
| Net Debt Issuance | -$14.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $406.0K |
| NET CASH FROM FINANCING | $392.0K |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $160M |
| Short-Term Investments | $228M |
| Net Receivables | $45M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $456M |
| PP&E (Net) | $138M |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $65M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $213M |
| TOTAL ASSETS | $669M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $42M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $297.0K |
| TOTAL NON-CURRENT LIABILITIES | $109M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $729.0K |
| Additional Paid-In Capital | $933M |
| Retained Earnings | -$485M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $597.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $449M |
| Minority Interest | $0 |
| TOTAL EQUITY | $449M |
| TOTAL LIABILITIES & EQUITY | $669M |
| Total Debt | $120M |
| Net Debt | -$40M |
