| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $12M | $28M | 30.4% | -45.5% |
| Op. Income | -$2M | -$6M | $688.0K | 63.3% | -445.3% |
| Gross Margin | 28.2% | 25.8% | 20.3% | 2.4pp | 7.8pp |
| Net Margin | -16.7% | -57.5% | 1.9% | 40.7pp | -18.6pp |
| EPS (Diluted) | $-0.52 | $-1.41 | $0.12 | 63.1% | -533.3% |
| Free Cash Flow | -$554.0K | -$3M | -$305.0K | 83.9% | -81.6% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $4M |
| R&D Expenses | $715.0K |
| Selling & Marketing | $3M |
| General & Administrative | $3M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$19.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $117.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $918.0K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $918.0K |
| Stock-Based Compensation | $373.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$363.0K |
| OPERATING CASH FLOW | -$417.0K |
| Capital Expenditure | -$137.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$137.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14.0K |
| FREE CASH FLOW | -$554.0K |
| Net Change in Cash | -$540.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $12M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $34M |
| PP&E (Net) | $239.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $49M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $277M |
| Retained Earnings | -$262M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $49M |
| Total Debt | $0 |
| Net Debt | -$9M |
