| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | — | -16.9% | — |
| Op. Income | -$27M | -$24M | — | -14.8% | — |
| Gross Margin | 37.7% | 19.7% | — | 18.0pp | — |
| Net Margin | -899.2% | -447.9% | — | -451.3pp | — |
| EPS (Diluted) | $-0.69 | $-0.48 | — | -43.7% | — |
| Free Cash Flow | -$18M | -$19M | — | 5.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $2M |
| Operating Expenses | $29M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$27M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $2M |
| EBIT | -$31M |
| EBITDA | -$29M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$239.0K |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $92.0K |
| NET CASH FROM FINANCING | $65M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $35M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $99M |
| PP&E (Net) | $1M |
| Goodwill | $5M |
| Intangible Assets | $71M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $192M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $34M |
| Long-Term Debt | $59M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $87M |
| TOTAL LIABILITIES | $122M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $550M |
| Retained Earnings | -$470M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | -$115.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $70M |
| Minority Interest | $0 |
| TOTAL EQUITY | $70M |
| TOTAL LIABILITIES & EQUITY | $192M |
| Total Debt | $60M |
| Net Debt | $6M |
