| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $140M | $138M | $162M | 1.4% | -13.6% |
| Op. Income | -$25M | -$24M | -$43M | -2.4% | 41.7% |
| Gross Margin | 40.8% | 45.0% | 40.5% | -4.3pp | 0.3pp |
| Net Margin | -19.0% | -18.6% | -29.2% | -0.4pp | 10.2pp |
| EPS (Diluted) | $-0.37 | $-0.36 | $-0.68 | -2.8% | 45.6% |
| Free Cash Flow | -$7M | -$5M | -$16M | -23.5% | 58.4% |
| Item | Amount |
|---|---|
| REVENUE | $140M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $57M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $165M |
| OPERATING INCOME | -$25M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$826.0K |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $842.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $11M |
| EBIT | -$24M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$163.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | -$373.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$415.0K |
| NET CASH FROM FINANCING | -$415.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $80M |
| Net Receivables | $154M |
| Inventory | $195M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $519M |
| PP&E (Net) | $217M |
| Goodwill | $100M |
| Intangible Assets | $112M |
| Long-Term Investments | $120M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $563M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $48M |
| Short-Term Debt | $0 |
| Deferred Revenue | $50M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $169M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $574.0K |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $81M |
| TOTAL LIABILITIES | $251M |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $832M |
| Minority Interest | $0 |
| TOTAL EQUITY | $832M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $32M |
| Net Debt | -$32M |
