| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $15M | $13M | -17.0% | -6.8% |
| Op. Income | -$5M | -$3M | -$5M | -80.2% | 8.0% |
| Gross Margin | 55.8% | 60.1% | 57.4% | -4.3pp | -1.6pp |
| Net Margin | -40.2% | -19.7% | -40.4% | -20.5pp | 0.2pp |
| EPS (Diluted) | $-0.28 | $-0.16 | $-0.31 | -75.0% | 9.7% |
| Free Cash Flow | -$2M | -$3M | -$3M | 9.3% | 20.2% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $7M |
| R&D Expenses | $1M |
| Selling & Marketing | $400.0K |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$5M |
| Interest Income | $197.0K |
| Interest Expense | $562.0K |
| Other Income/Expenses | -$365.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| 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 | $422.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $422.0K |
| Stock-Based Compensation | $217.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $326.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$147.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$147.0K |
| Net Debt Issuance | -$215.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$121.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $563.0K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $44M |
| Account Payables | $1M |
| Short-Term Debt | $430.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $266.0K |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $185.0K |
| TOTAL NON-CURRENT LIABILITIES | $22M |
| TOTAL LIABILITIES | $31M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $303M |
| Retained Earnings | -$291M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $0 |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $44M |
| Total Debt | $24M |
| Net Debt | $2M |
