| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $6M | $2M | -22.9% | 134.8% |
| Op. Income | -$14M | -$16M | -$18M | 11.0% | 18.8% |
| Gross Margin | 100.0% | 100.0% | 42.9% | 0.0pp | 57.1pp |
| Net Margin | -285.4% | -257.2% | -828.2% | -28.2pp | 542.8pp |
| EPS (Diluted) | $-0.03 | $-0.03 | $-0.04 | 14.5% | 19.0% |
| Free Cash Flow | -$4M | -$12M | -$15M | 66.0% | 72.5% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $5M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$14M |
| Interest Income | $1M |
| Interest Expense | $631.0K |
| Other Income/Expenses | $413.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $18.0K |
| 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 | $2M |
| EBIT | -$13M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$9.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $37M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $439.0K |
| TOTAL CURRENT ASSETS | $66M |
| PP&E (Net) | $31M |
| Goodwill | $5M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $100M |
| TOTAL ASSETS | $167M |
| Account Payables | $3M |
| Short-Term Debt | $3M |
| Deferred Revenue | $65M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $421.0K |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $98M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $534M |
| Retained Earnings | -$465M |
| Treasury Stock | -$574.0K |
| Accum. Other Comp. Income | $27.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $68M |
| Minority Interest | $0 |
| TOTAL EQUITY | $68M |
| TOTAL LIABILITIES & EQUITY | $167M |
| Total Debt | $23M |
| Net Debt | $1M |
