| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $4M | 27.8% | -29.3% |
| Op. Income | -$16M | -$18M | -$28M | 15.3% | 44.7% |
| Gross Margin | 44.9% | -52.5% | 40.5% | 97.4pp | 4.4pp |
| Net Margin | -503.6% | -3567.8% | -701.3% | 3064.1pp | 197.7pp |
| EPS (Diluted) | $-0.23 | $-1928.00 | $-38.63 | 100.0% | 99.4% |
| Free Cash Flow | -$19M | -$10M | -$25M | -89.6% | 25.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $8M |
| Operating Expenses | $17M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $510.0K |
| EBIT | -$16M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $510.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $489.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$9.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9.0K |
| Net Debt Issuance | -$705.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4.0K |
| NET CASH FROM FINANCING | $43M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $8M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $51M |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $120.0K |
| Long-Term Investments | $900.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $51.0K |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $95M |
| Account Payables | $4M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $156.0K |
| Additional Paid-In Capital | $783M |
| Retained Earnings | -$709M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$250.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74M |
| Minority Interest | $0 |
| TOTAL EQUITY | $74M |
| TOTAL LIABILITIES & EQUITY | $95M |
| Total Debt | $9M |
| Net Debt | -$20M |
