| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $66M | $53M | 2.9% | 26.8% |
| Op. Income | -$16M | -$18M | -$19M | 11.7% | 17.3% |
| Gross Margin | 54.0% | 53.9% | 51.6% | 0.0pp | 2.4pp |
| Net Margin | -22.9% | -27.0% | -37.5% | 4.1pp | 14.7pp |
| EPS (Diluted) | $-0.16 | $-0.19 | $-0.22 | 15.8% | 27.3% |
| Free Cash Flow | $3M | -$6M | -$5M | 144.4% | 154.9% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $37M |
| R&D Expenses | $22M |
| Selling & Marketing | $12M |
| General & Administrative | $18M |
| SG&A Expenses | $30M |
| Other Expenses | $359.0K |
| Operating Expenses | $52M |
| Cost & Expenses | $83M |
| OPERATING INCOME | -$16M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $350.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $39.0K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $3M |
| EBIT | -$14M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $33.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$357.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$781.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $102M |
| Net Receivables | $31M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $233M |
| PP&E (Net) | $32M |
| Goodwill | $148M |
| Intangible Assets | $38M |
| Long-Term Investments | $26M |
| Tax Assets | $2M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $250M |
| TOTAL ASSETS | $482M |
| Account Payables | $6M |
| Short-Term Debt | $8M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $94M |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | -$18M |
| TOTAL NON-CURRENT LIABILITIES | $111M |
| TOTAL LIABILITIES | $161M |
| Common Stock | $95.0K |
| Additional Paid-In Capital | $744M |
| Retained Earnings | -$423M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $322M |
| Minority Interest | $0 |
| TOTAL EQUITY | $322M |
| TOTAL LIABILITIES & EQUITY | $482M |
| Total Debt | $122M |
| Net Debt | $46M |
