| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $578.0K | $398.0K | $385.0K | 45.2% | 50.1% |
| Op. Income | -$8M | -$11M | -$12M | 21.2% | 32.1% |
| Gross Margin | 100.0% | 100.0% | 98.7% | 0.0pp | 1.3pp |
| Net Margin | -1387.5% | -2674.1% | -3302.6% | 1286.6pp | 1915.1pp |
| EPS (Diluted) | $-0.42 | $-0.56 | $-0.69 | 25.0% | 39.1% |
| Free Cash Flow | -$9M | -$14M | $35M | 35.2% | -125.3% |
| Item | Amount |
|---|---|
| REVENUE | $578.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $578.0K |
| R&D Expenses | $936.0K |
| Selling & Marketing | $1M |
| General & Administrative | $12M |
| SG&A Expenses | $13M |
| Other Expenses | -$5M |
| Operating Expenses | $9M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$8M |
| Interest Income | $409.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $594.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $210.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $373.0K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $373.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $210.0K |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$728.0K |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$138.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $0 |
| Net Receivables | $347.0K |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $72M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $170M |
| Long-Term Investments | $389.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $186M |
| TOTAL ASSETS | $258M |
| Account Payables | $7M |
| Short-Term Debt | $2M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $59M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $541.0K |
| TOTAL NON-CURRENT LIABILITIES | $67M |
| TOTAL LIABILITIES | $99M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $513M |
| Retained Earnings | -$354M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $159M |
| Minority Interest | $0 |
| TOTAL EQUITY | $159M |
| TOTAL LIABILITIES & EQUITY | $258M |
| Total Debt | $5M |
| Net Debt | -$53M |
