| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $30M | $5M | -16.7% | 433.8% |
| Op. Income | -$14M | -$15M | -$30M | 8.3% | 53.3% |
| Gross Margin | 100.0% | -8.0% | -460.5% | 108.0pp | 560.5pp |
| Net Margin | -36.7% | -34.3% | -561.4% | -2.4pp | 524.6pp |
| EPS (Diluted) | $-0.16 | $-0.18 | $-0.59 | 11.1% | 72.9% |
| Free Cash Flow | -$28M | -$33M | -$22M | 13.3% | -29.3% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $25M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $38M |
| OPERATING INCOME | -$14M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $43.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $1M |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$258.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $105M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $64M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14.0K |
| NET CASH FROM FINANCING | $14.0K |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $233M |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $373M |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $426M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $23M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $55.0K |
| Additional Paid-In Capital | $622M |
| Retained Earnings | -$292M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $330M |
| Minority Interest | $0 |
| TOTAL EQUITY | $330M |
| TOTAL LIABILITIES & EQUITY | $426M |
| Total Debt | $45M |
| Net Debt | -$67M |
