| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $4M | $5M | -16.8% | -37.7% |
| Op. Income | -$927.2K | -$508.1K | $586.0K | -82.5% | -258.2% |
| Gross Margin | 43.8% | 47.2% | 49.0% | -3.4pp | -5.2pp |
| Net Margin | -26.2% | -11.6% | 10.6% | -14.6pp | -36.8pp |
| EPS (Diluted) | $-0.09 | $-0.05 | $0.06 | -87.2% | -254.7% |
| Free Cash Flow | -$664.4K | -$1M | -$772.3K | 50.0% | 14.0% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $425.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$927.2K |
| Interest Income | $0 |
| Interest Expense | $750 |
| Other Income/Expenses | $39.5K |
| INCOME BEFORE TAX | -$887.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$887.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$887.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$887.7K |
| D&A | $129.3K |
| EBIT | -$887.0K |
| EBITDA | -$757.7K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$887.7K |
| Depreciation & Amortization | $129.3K |
| Stock-Based Compensation | $149.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $127.7K |
| Change in Working Capital | -$28.1K |
| OPERATING CASH FLOW | -$509.2K |
| Capital Expenditure | -$155.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$36.8K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$192.0K |
| Net Debt Issuance | -$40.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$40.2K |
| FREE CASH FLOW | -$664.4K |
| Net Change in Cash | -$741.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $3M |
| Net Receivables | $2M |
| Inventory | $7M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $6M |
| Goodwill | $5M |
| Intangible Assets | $3M |
| Long-Term Investments | $348.3K |
| Tax Assets | $0 |
| Other Non-Current Assets | $91.5K |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $33M |
| Account Payables | $1M |
| Short-Term Debt | $117.5K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $67.5K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $6M |
| Common Stock | $9.7K |
| Additional Paid-In Capital | $36M |
| Retained Earnings | -$9M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $33M |
| Total Debt | $4M |
| Net Debt | -$1M |
