| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $391.0K | $239.0K | $0 | 63.6% | — |
| Op. Income | -$17M | -$18M | -$14M | 3.3% | -21.1% |
| Gross Margin | -91.3% | -80.8% | — | -10.6pp | — |
| Net Margin | -4148.3% | -6786.6% | — | 2638.3pp | — |
| EPS (Diluted) | $-9.99 | $-10.20 | $-8.52 | 2.1% | -17.2% |
| Free Cash Flow | -$15M | -$16M | -$9M | 5.3% | -65.7% |
| Item | Amount |
|---|---|
| REVENUE | $391.0K |
| Cost of Revenue | $748.0K |
| GROSS PROFIT | -$357.0K |
| R&D Expenses | $7M |
| Selling & Marketing | $5M |
| General & Administrative | $5M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $919.0K |
| Other Income/Expenses | -$295.0K |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $555.0K |
| EBIT | -$17M |
| EBITDA | -$16M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $653.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $853.0K |
| Net Debt Issuance | -$234.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $23M |
| Net Receivables | $534.0K |
| Inventory | $2M |
| Other Current Assets | $405.0K |
| TOTAL CURRENT ASSETS | $39M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $213.0K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $52M |
| Account Payables | $3M |
| Short-Term Debt | $130.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $286.0K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $406.0K |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $247M |
| Retained Earnings | -$226M |
| Treasury Stock | -$25.0K |
| Accum. Other Comp. Income | $34.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21M |
| Minority Interest | $3M |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $52M |
| Total Debt | $17M |
| Net Debt | $9M |
