| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $10M | $8M | -0.4% | 17.2% |
| Op. Income | -$7M | -$5M | -$9M | -45.7% | 15.2% |
| Gross Margin | 0.9% | 29.2% | 18.0% | -28.2pp | -17.1pp |
| Net Margin | -79.0% | -55.8% | -124.3% | -23.2pp | 45.3pp |
| EPS (Diluted) | $-0.17 | $-0.13 | $-0.34 | -30.8% | 50.0% |
| Free Cash Flow | -$2M | -$3M | -$5M | 19.7% | 55.6% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $90.0K |
| R&D Expenses | $627.0K |
| Selling & Marketing | $2M |
| General & Administrative | $5M |
| SG&A Expenses | $7M |
| Other Expenses | $287.0K |
| Operating Expenses | $8M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $141.0K |
| Other Income/Expenses | -$141.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$8.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $2M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $760.0K |
| Deferred Income Tax | -$8.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$292.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$331.0K |
| Acquisitions (Net) | -$125.0K |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $125.0K |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $226.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $26M |
| Net Receivables | $5M |
| Inventory | $8M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $63M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $124M |
| Account Payables | $975.0K |
| Short-Term Debt | $3M |
| Deferred Revenue | $34.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $867.0K |
| Other Non-Current Liabilities | $30.0K |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $0 |
| Additional Paid-In Capital | $200M |
| Retained Earnings | -$113M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $87M |
| Minority Interest | $0 |
| TOTAL EQUITY | $87M |
| TOTAL LIABILITIES & EQUITY | $124M |
| Total Debt | $31M |
| Net Debt | $24M |
