| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $356.0K | $9M | 13779.8% | 425.8% |
| Op. Income | $11M | -$37M | -$106M | 128.7% | 110.0% |
| Gross Margin | 100.0% | 100.0% | -507.5% | 0.0pp | 607.5pp |
| Net Margin | 21.6% | -10148.3% | -1108.4% | 10169.9pp | 1130.0pp |
| EPS (Diluted) | $0.04 | $-0.18 | $-0.59 | 124.3% | 107.4% |
| Free Cash Flow | $12M | -$27M | -$50M | 143.3% | 123.3% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $49M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $11M |
| Interest Income | $129.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $129.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $88.0K |
| 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 | $9M |
| D&A | $2M |
| EBIT | $11M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $49M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $11M |
| Interest Income | $129.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $129.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $88.0K |
| 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 | $9M |
| D&A | $2M |
| EBIT | $11M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $18.0K |
| Other Non-Cash Items | $99.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$115.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $348.0K |
| NET CASH FROM INVESTING | $233.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$203.0K |
| NET CASH FROM FINANCING | -$203.0K |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $58M |
| PP&E (Net) | $37M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $111M |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $774.0K |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $72M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $39M |
| Minority Interest | $0 |
| TOTAL EQUITY | $39M |
| TOTAL LIABILITIES & EQUITY | $111M |
| Total Debt | $28M |
| Net Debt | -$11M |
