| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $50M | $39M | -5.6% | 22.8% |
| Op. Income | -$11M | -$10M | -$6M | -8.4% | -83.5% |
| Gross Margin | 94.6% | 91.1% | 92.1% | 3.5pp | 2.5pp |
| Net Margin | -11.2% | -9.0% | 0.4% | -2.2pp | -11.5pp |
| EPS (Diluted) | $-0.09 | $-0.08 | $0.00 | -17.8% | -3908.3% |
| Free Cash Flow | -$15M | -$7M | -$2M | -109.5% | -610.8% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $45M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $2M |
| Operating Expenses | $56M |
| Cost & Expenses | $59M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$920.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $2M |
| EBIT | -$11M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$161.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$84M |
| Sales/Maturities of Investments | $96M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $276M |
| Net Receivables | $43M |
| Inventory | $2M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $432M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $116M |
| Long-Term Investments | $0 |
| Tax Assets | $79M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $213M |
| TOTAL ASSETS | $645M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $104M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $710M |
| Retained Earnings | -$169M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $702.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $541M |
| Minority Interest | $0 |
| TOTAL EQUITY | $541M |
| TOTAL LIABILITIES & EQUITY | $645M |
| Total Debt | $8M |
| Net Debt | -$93M |
