| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $845.0K | $2M | $1M | -55.4% | -37.3% |
| Op. Income | -$2M | -$2M | -$2M | -23.8% | -6.0% |
| Gross Margin | 26.7% | 33.3% | 39.7% | -6.6pp | -12.9pp |
| Net Margin | -102.6% | -84.0% | -163.7% | -18.6pp | 61.1pp |
| EPS (Diluted) | $-3.20 | $-8.30 | $-12.70 | 61.4% | 74.8% |
| Free Cash Flow | -$2M | -$1M | -$2M | -83.0% | -12.2% |
| Item | Amount |
|---|---|
| REVENUE | $845.0K |
| Cost of Revenue | $619.0K |
| GROSS PROFIT | $226.0K |
| R&D Expenses | $691.0K |
| Selling & Marketing | $691.0K |
| General & Administrative | $971.0K |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $1M |
| Interest Expense | $161.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$867.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$867.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$867.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$867.0K |
| D&A | $7.0K |
| EBIT | -$706.0K |
| EBITDA | -$699.0K |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$867.0K |
| Depreciation & Amortization | $7.0K |
| Stock-Based Compensation | $106.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$14.0K |
| Change in Working Capital | -$121.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$3.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $756.0K |
| NET CASH FROM INVESTING | $753.0K |
| Net Debt Issuance | -$194.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$194.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $682.0K |
| Short-Term Investments | $254.0K |
| Net Receivables | $715.0K |
| Inventory | $3M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $469.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $11M |
| Account Payables | $2M |
| Short-Term Debt | $1M |
| Deferred Revenue | $386.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $152.0K |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $39M |
| Retained Earnings | -$38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $104.0K |
| TOTAL STOCKHOLDERS' EQUITY | $942.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | $942.0K |
| TOTAL LIABILITIES & EQUITY | $11M |
| Total Debt | $5M |
| Net Debt | $4M |
