| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $71M | $53M | 9.0% | 44.2% |
| Op. Income | -$8M | -$11M | -$43M | 26.5% | 81.9% |
| Gross Margin | 62.2% | 60.9% | 47.4% | 1.3pp | 14.8pp |
| Net Margin | -10.8% | -41.4% | -79.3% | 30.6pp | 68.5pp |
| EPS (Diluted) | $-0.31 | $-1.10 | $-1.64 | 71.8% | 81.1% |
| Free Cash Flow | -$5M | -$6M | -$41M | 13.9% | 87.7% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $48M |
| R&D Expenses | $12M |
| Selling & Marketing | $17M |
| General & Administrative | $26M |
| SG&A Expenses | $43M |
| Other Expenses | $774.0K |
| Operating Expenses | $56M |
| Cost & Expenses | $85M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $843.0K |
| Other Income/Expenses | -$579.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$47.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $6M |
| EBIT | -$8M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$47.0K |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$646.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$707.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $86.0K |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $59M |
| Net Receivables | $38M |
| Inventory | $11M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $186M |
| PP&E (Net) | $56M |
| Goodwill | $0 |
| Intangible Assets | $162M |
| Long-Term Investments | $987.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $223M |
| TOTAL ASSETS | $409M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $52M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $127M |
| TOTAL LIABILITIES | $204M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $918.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $205M |
| Minority Interest | $0 |
| TOTAL EQUITY | $205M |
| TOTAL LIABILITIES & EQUITY | $409M |
| Total Debt | $116M |
| Net Debt | $58M |
