| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $15M | $13M | -9.9% | 5.4% |
| Op. Income | -$8M | -$9M | -$8M | 2.6% | -9.0% |
| Gross Margin | 90.4% | 91.7% | 92.6% | -1.3pp | -2.3pp |
| Net Margin | -61.4% | -62.2% | -61.0% | 0.8pp | -0.4pp |
| EPS (Diluted) | $-0.23 | $-0.26 | $-0.23 | 11.5% | 0.0% |
| Free Cash Flow | -$3M | -$2M | -$6M | -45.0% | 44.4% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $12M |
| R&D Expenses | $11M |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $77.0K |
| Other Income/Expenses | $821.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$398.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$919.0K |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $965.0K |
| EBIT | -$8M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $965.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $408.0K |
| Change in Working Capital | $260.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$340.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$25.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$553.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$654.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $28M |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $62M |
| PP&E (Net) | $7M |
| Goodwill | $4M |
| Intangible Assets | $4M |
| Long-Term Investments | $20M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $40M |
| TOTAL ASSETS | $102M |
| Account Payables | $445.0K |
| Short-Term Debt | $2M |
| Deferred Revenue | $30M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $80M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $115M |
| Retained Earnings | -$93M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $46.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $102M |
| Total Debt | $5M |
| Net Debt | -$14M |
