Revenue and profitability in QQ3 2024 show continued pressure. The income data are partially incomplete in the dataset, with revenue listed as null in the primary income statement segment but a revenue value of 1.617 million appears in the quarterly four-quarter table for Q3 2024. Cost of revenue totaled 1.617 million, yielding a gross loss of 1.617 million. Key profitability metrics (from the available data) include:
- Gross Profit: -1.617 million; Gross Profit Margin not calculable from the primary line item due to data gaps, but the four-quarter table implies a negative gross profit margin given revenue uncertainties.
- EBITDA: -4.808 million; EBITDA Margin is materially negative (using the approximate 1.617 million revenue reference yields roughly -297% when annualized into the quarter).
- Operating Income: -5.211 million; Operating Margin not disclosed due to revenue data gaps, but clearly negative.
- Net Income: -5.210 million; Net Income Margin not determinable from complete revenue data in the primary section; YoY change implied by earnings metrics is negative (yoy -14.58%).
- Earnings per Share (EPS): -7.64; Shares outstanding (weighted average) 681,619.
- Cash Flow: Operating cash flow -3.635 million; Capital expenditures (Capex) -1.465 million; Free cash flow -5.10 million; Net change in cash -4.883 million; Cash at end of period 2.95 million vs. 7.833 million at period start.
Balance sheet indicators and liquidity:
- Total assets: 28.483 million; Total liabilities: 7.585 million; Total stockholders’ equity: 20.898 million.
- Cash and equivalents: 2.95 million; Net debt: 0.844 million; Total debt: 3.794 million.
- Current ratio: 0.589; Quick ratio: 0.543; Cash ratio: 0.418. Working capital and liquidity are constrained, signaling funding risk without external financing.
- Retained earnings: -240.327 million (indicative of a long history of cumulative losses).
- PPE net: 17.215 million; Intangible assets: 0.164 million; Equity base remains sizable, but the business shows negative earnings and ongoing cash burn, creating a need for external funding or significant revenue acceleration.
Overall takeaway: QQ3 2024 shows a company still operating with significant cash burn and negative profitability metrics, with a fragile liquidity position that relies on financing activity. The data set includes some volatility in quarterly results (QoQ improvements in net income and EPS are reported, but are still negative in absolute terms). Investors should monitor liquidity catalysts (financing arrangements, asset divestitures, or revenue growth) and any management actions targeting cost reductions and revenue expansion.