| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $16M | $17M | 1.6% | -5.4% |
| Op. Income | -$10M | -$11M | -$13M | 14.8% | 23.2% |
| Gross Margin | 18.1% | 13.1% | 11.9% | 5.1pp | 6.2pp |
| Net Margin | -66.6% | -62.2% | -84.5% | -4.4pp | 17.9pp |
| EPS (Diluted) | $-1.32 | $-1.23 | $-2.40 | -7.3% | 45.0% |
| Free Cash Flow | -$12M | -$26M | -$8M | 55.3% | -38.5% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $3M |
| R&D Expenses | $3M |
| Selling & Marketing | $1M |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$817.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $4.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$148.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $125.0K |
| NET CASH FROM INVESTING | -$23.0K |
| Net Debt Issuance | $158.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$118.0K |
| NET CASH FROM FINANCING | $40.0K |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $42M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $98M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $121M |
| Account Payables | $9M |
| Short-Term Debt | $22M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $304.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $70M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $235M |
| Retained Earnings | -$184M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $121M |
| Total Debt | $45M |
| Net Debt | $37M |
