| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $32M | $22M | -12.3% | 29.2% |
| Op. Income | -$9M | -$25M | -$63M | 65.8% | 86.3% |
| Gross Margin | 3.1% | 8.0% | 0.0% | -4.8pp | 3.1pp |
| Net Margin | -43.1% | -83.4% | -339.6% | 40.3pp | 296.6pp |
| EPS (Diluted) | $-0.94 | $-2.31 | $-7.11 | 59.1% | 86.7% |
| Free Cash Flow | -$14M | -$8M | -$36M | -88.7% | 60.6% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $890.0K |
| R&D Expenses | $6M |
| Selling & Marketing | $1M |
| General & Administrative | $415.0K |
| SG&A Expenses | $2M |
| Other Expenses | $2M |
| Operating Expenses | $10M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$14.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $2M |
| EBIT | -$10M |
| EBITDA | -$8M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | -$5M |
| Deferred Income Tax | -$14.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $444.0K |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$591.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $83.0K |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$952.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $506.0K |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $54M |
| Goodwill | $0 |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $84M |
| TOTAL ASSETS | $98M |
| Account Payables | $27M |
| Short-Term Debt | $11M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $100M |
| TOTAL LIABILITIES | $233M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $543M |
| Retained Earnings | -$679M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$136M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$136M |
| TOTAL LIABILITIES & EQUITY | $98M |
| Total Debt | $45M |
| Net Debt | $44M |
