| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $19M | $17M | -16.9% | -3.1% |
| Op. Income | -$34M | -$43M | -$33M | 20.2% | -2.9% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -186.6% | -195.8% | -173.8% | 9.3pp | -12.8pp |
| EPS (Diluted) | $-0.39 | $-0.49 | $-0.41 | 20.4% | 4.9% |
| Free Cash Flow | -$7M | -$26M | -$44M | 73.7% | 84.3% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $16M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$48.0K |
| Operating Expenses | $50M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$34M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $226.0K |
| NET INCOME | -$30M |
| D&A | $3M |
| EBIT | -$34M |
| EBITDA | -$32M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$204.0K |
| Other Non-Cash Items | $136.0K |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$53M |
| Sales/Maturities of Investments | $126M |
| Other Investing Activities | -$103.0K |
| NET CASH FROM INVESTING | $72M |
| Net Debt Issuance | -$3.0K |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $175M |
| Net Receivables | $24M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $344M |
| PP&E (Net) | $36M |
| Goodwill | $12M |
| Intangible Assets | $7M |
| Long-Term Investments | $78M |
| Tax Assets | $4M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $143M |
| TOTAL ASSETS | $487M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $27M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $896.0K |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $120M |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $148M |
| Retained Earnings | -$798M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $367M |
| Minority Interest | $0 |
| TOTAL EQUITY | $367M |
| TOTAL LIABILITIES & EQUITY | $487M |
| Total Debt | $20M |
| Net Debt | -$102M |
