| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $92M | $89M | $87M | 3.2% | 6.1% |
| Op. Income | -$10M | -$9M | -$17M | -16.9% | 41.5% |
| Gross Margin | 24.0% | 23.3% | 19.3% | 0.8pp | 4.8pp |
| Net Margin | -24.2% | -20.8% | -26.2% | -3.4pp | 2.0pp |
| EPS (Diluted) | $-2.03 | $-1.70 | $-2.09 | -19.4% | 2.9% |
| Free Cash Flow | -$19M | -$21M | -$30M | 7.7% | 35.4% |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $22M |
| R&D Expenses | $5M |
| Selling & Marketing | $15M |
| General & Administrative | $11M |
| SG&A Expenses | $27M |
| Other Expenses | $955.0K |
| Operating Expenses | $32M |
| Cost & Expenses | $102M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $11M |
| EBIT | -$6M |
| EBITDA | $5M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$129.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$478.0K |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $60M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $58M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $5M |
| Other Current Assets | $106M |
| TOTAL CURRENT ASSETS | $222M |
| PP&E (Net) | $389M |
| Goodwill | $130M |
| Intangible Assets | $26M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $577M |
| TOTAL ASSETS | $799M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $152M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $199M |
| Long-Term Debt | $483M |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $122M |
| TOTAL NON-CURRENT LIABILITIES | $653M |
| TOTAL LIABILITIES | $852M |
| Common Stock | $36M |
| Additional Paid-In Capital | $18M |
| Retained Earnings | -$108M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $537.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$53M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$53M |
| TOTAL LIABILITIES & EQUITY | $799M |
| Total Debt | $512M |
| Net Debt | $437M |
