| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $5M | — | 3.7% | — |
| Op. Income | -$4M | -$3M | — | -43.8% | — |
| Gross Margin | -47.0% | -26.5% | — | -20.5pp | — |
| Net Margin | -147.6% | -49.6% | — | -98.0pp | — |
| EPS (Diluted) | $-55.96 | $-18.18 | — | -207.8% | — |
| Free Cash Flow | $388.0K | -$631.0K | — | 161.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $8M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $649.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | -$649.1K |
| Operating Expenses | $1M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $162.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $4M |
| EBIT | -$4M |
| EBITDA | $299.0K |
| EPS | -$56 |
| EPS Diluted | -$56 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$479.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $388.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $67.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$28.0K |
| NET CASH FROM FINANCING | $39.0K |
| FREE CASH FLOW | $388.0K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $209.6K |
| Short-Term Investments | $0 |
| Net Receivables | $292.0K |
| Inventory | $0 |
| Other Current Assets | $656.2K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $27.4K |
| Goodwill | $816.2K |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $4M |
| Account Payables | $2M |
| Short-Term Debt | $8M |
| Deferred Revenue | $469.9K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $849.7K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $849.7K |
| TOTAL LIABILITIES | $13M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $164M |
| Retained Earnings | -$176M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $295.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$9M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$9M |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $9M |
| Net Debt | $8M |
