| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $744.0K | $3M | $2M | -77.9% | -68.6% |
| Op. Income | -$23M | -$43M | -$28M | 45.8% | 16.7% |
| Gross Margin | -1382.4% | -259.7% | -43.7% | -1122.7pp | -1338.7pp |
| Net Margin | -2956.2% | -1237.7% | -1150.7% | -1718.5pp | -1805.5pp |
| EPS (Diluted) | $-0.24 | $-0.45 | $-0.30 | 46.7% | 20.0% |
| Free Cash Flow | -$11M | -$19M | -$24M | 45.3% | 55.4% |
| Item | Amount |
|---|---|
| REVENUE | $744.0K |
| Cost of Revenue | $11M |
| GROSS PROFIT | -$10M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2M |
| Operating Expenses | $13M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$23M |
| Interest Income | $0 |
| Interest Expense | $229.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $34.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $4M |
| EBIT | -$23M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $26.0K |
| Other Non-Cash Items | -$504.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$307.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $11.0K |
| NET CASH FROM INVESTING | $20M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$924.0K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $44M |
| Net Receivables | $800.0K |
| Inventory | $16M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $135M |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | -$1M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $236M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $345.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $249.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $579M |
| Retained Earnings | -$383M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$59.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $196M |
| Minority Interest | $0 |
| TOTAL EQUITY | $196M |
| TOTAL LIABILITIES & EQUITY | $236M |
| Total Debt | $18M |
| Net Debt | -$52M |
