| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $535.0K | — | $789.0K | — | -32.2% |
| Op. Income | -$898.0K | — | -$415.0K | — | -116.4% |
| Gross Margin | 79.8% | — | 86.3% | — | -6.5pp |
| Net Margin | -181.9% | — | -51.2% | — | -130.7pp |
| EPS (Diluted) | $-0.58 | — | $-0.24 | — | -143.1% |
| Free Cash Flow | -$1M | — | -$616.0K | — | -67.5% |
| Item | Amount |
|---|---|
| REVENUE | $535.0K |
| Cost of Revenue | $108.0K |
| GROSS PROFIT | $427.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $35.0K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $13.0K |
| Operating Expenses | $1M |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$898.0K |
| Interest Income | $0 |
| Interest Expense | $62.0K |
| Other Income/Expenses | -$84.0K |
| INCOME BEFORE TAX | -$982.0K |
| Income Tax Expense | -$9.0K |
| Net Income from Continuing Ops | -$973.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$973.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$973.0K |
| D&A | $13.0K |
| EBIT | -$920.0K |
| EBITDA | -$907.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$973.0K |
| Depreciation & Amortization | $13.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18.0K |
| Change in Working Capital | $186.0K |
| OPERATING CASH FLOW | -$756.0K |
| Capital Expenditure | -$276.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$270.0K |
| NET CASH FROM INVESTING | -$276.0K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$794.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $121.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $257.0K |
| Short-Term Investments | $0 |
| Net Receivables | $392.0K |
| Inventory | $0 |
| Other Current Assets | $843.0K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $779.0K |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $6M |
| Account Payables | $593.0K |
| Short-Term Debt | $5M |
| Deferred Revenue | $169.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $520.0K |
| TOTAL LIABILITIES | $7M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$753.0K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$748.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | -$748.0K |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $6M |
| Net Debt | $5M |
