| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $58M | $44M | $36M | 31.5% | 62.4% |
| Op. Income | -$25M | -$32M | -$25M | 23.1% | 1.2% |
| Gross Margin | 51.1% | 49.1% | 56.1% | 2.0pp | -5.0pp |
| Net Margin | -33.5% | -61.0% | -51.0% | 27.5pp | 17.6pp |
| EPS (Diluted) | $-0.83 | $-1.16 | $-0.81 | 28.4% | -2.5% |
| Free Cash Flow | -$7M | -$3M | -$15M | -133.9% | 55.2% |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $29M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $2M |
| Operating Expenses | $54M |
| Cost & Expenses | $83M |
| OPERATING INCOME | -$25M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $119.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $8M |
| EBIT | -$22M |
| EBITDA | -$14M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$173M |
| Sales/Maturities of Investments | -$428M |
| Other Investing Activities | $611M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $426M |
| Net Receivables | $30M |
| Inventory | $72M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $546M |
| PP&E (Net) | $77M |
| Goodwill | $87M |
| Intangible Assets | $167M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $332M |
| TOTAL ASSETS | $878M |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $95M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $83M |
| TOTAL NON-CURRENT LIABILITIES | $87M |
| TOTAL LIABILITIES | $182M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $859M |
| Retained Earnings | -$163M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $696M |
| Minority Interest | $0 |
| TOTAL EQUITY | $696M |
| TOTAL LIABILITIES & EQUITY | $878M |
| Total Debt | $7M |
| Net Debt | -$2M |
