| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $102M | $101M | $69M | 1.8% | 47.7% |
| Op. Income | -$68M | -$76M | -$84M | 10.8% | 18.8% |
| Gross Margin | 63.9% | 64.9% | 63.2% | -1.0pp | 0.7pp |
| Net Margin | -40.7% | -79.9% | -99.9% | 39.1pp | 59.1pp |
| EPS (Diluted) | $-4.30 | $-8.20 | $-7.10 | 47.6% | 39.4% |
| Free Cash Flow | -$57M | -$43M | -$57M | -31.7% | 0.6% |
| Item | Amount |
|---|---|
| REVENUE | $102M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $65M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $67M |
| SG&A Expenses | $67M |
| Other Expenses | $0 |
| Operating Expenses | $133M |
| Cost & Expenses | $170M |
| OPERATING INCOME | -$68M |
| Interest Income | $9M |
| Interest Expense | $745.0K |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $3M |
| EBIT | -$41M |
| EBITDA | -$38M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$29M |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $41M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $42M |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $616M |
| Short-Term Investments | $0 |
| Net Receivables | $69M |
| Inventory | $40M |
| Other Current Assets | $136M |
| TOTAL CURRENT ASSETS | $861M |
| PP&E (Net) | $64M |
| Goodwill | $0 |
| Intangible Assets | $55M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $125M |
| TOTAL ASSETS | $985M |
| Account Payables | $121M |
| Short-Term Debt | $113M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $286M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $325.0K |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $318M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$2.4B |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | $28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $668M |
| Minority Interest | $0 |
| TOTAL EQUITY | $668M |
| TOTAL LIABILITIES & EQUITY | $985M |
| Total Debt | $126M |
| Net Debt | -$490M |
