| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $35M | $46M | 4.9% | -21.3% |
| Op. Income | -$6M | -$8M | -$6M | 29.4% | -0.7% |
| Gross Margin | 21.4% | 21.2% | 19.9% | 0.2pp | 1.5pp |
| Net Margin | -29.3% | -33.8% | -62.7% | 4.5pp | 33.4pp |
| EPS (Diluted) | $-0.79 | $-0.87 | $-2.32 | 9.2% | 65.9% |
| Free Cash Flow | -$12M | -$12M | -$3M | 1.6% | -289.2% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $8M |
| R&D Expenses | $3M |
| Selling & Marketing | $2M |
| General & Administrative | $5M |
| SG&A Expenses | $6M |
| Other Expenses | $4M |
| Operating Expenses | $14M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$6M |
| Interest Income | $237.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $609.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $60M |
| Account Payables | $3M |
| Short-Term Debt | $54M |
| Deferred Revenue | $171.0K |
| Other Current Liabilities | $448.0K |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $524.0K |
| TOTAL LIABILITIES | $83M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $167M |
| Retained Earnings | -$190M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$24M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$24M |
| TOTAL LIABILITIES & EQUITY | $60M |
| Total Debt | $55M |
| Net Debt | $38M |
