| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $41M | $34M | -13.1% | 4.1% |
| Op. Income | -$228M | $12M | $6M | -1937.9% | -3647.9% |
| Gross Margin | 80.2% | 88.4% | 88.3% | -8.2pp | -8.1pp |
| Net Margin | -784.6% | 20.7% | 12.2% | -805.3pp | -796.8pp |
| EPS (Diluted) | $-51.30 | $1.95 | $1.20 | -2730.8% | -4375.0% |
| Free Cash Flow | $3M | $18M | $10M | -85.8% | -74.3% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $29M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $256M |
| Operating Expenses | $257M |
| Cost & Expenses | $264M |
| OPERATING INCOME | -$228M |
| Interest Income | $0 |
| Interest Expense | $752.0K |
| Other Income/Expenses | -$614.0K |
| INCOME BEFORE TAX | -$229M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | -$280M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$280M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$280M |
| D&A | $10M |
| EBIT | -$1M |
| EBITDA | $9M |
| EPS | -$51 |
| EPS Diluted | -$51 |
| Item | Amount |
|---|---|
| Net Income | -$280M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $49M |
| Other Non-Cash Items | $224M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$30.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $177.0K |
| NET CASH FROM FINANCING | -$10.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $0 |
| Net Receivables | $62M |
| Inventory | $43M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $185M |
| PP&E (Net) | $3M |
| Goodwill | $20M |
| Intangible Assets | $170M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $195M |
| TOTAL ASSETS | $380M |
| Account Payables | $19M |
| Short-Term Debt | $970.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $39M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $187M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $787M |
| Retained Earnings | -$594M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $193M |
| Minority Interest | $0 |
| TOTAL EQUITY | $193M |
| TOTAL LIABILITIES & EQUITY | $380M |
| Total Debt | $42M |
| Net Debt | -$35M |
