| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98M | $101M | $83M | -2.6% | 18.1% |
| Op. Income | -$8M | -$4M | -$11M | -95.2% | 24.6% |
| Gross Margin | 75.2% | 76.4% | 74.1% | -1.2pp | 1.0pp |
| Net Margin | -9.2% | -5.1% | -14.7% | -4.1pp | 5.5pp |
| EPS (Diluted) | $-0.20 | $-0.11 | $-0.27 | -81.8% | 25.9% |
| Free Cash Flow | -$2M | -$30M | -$7M | 93.0% | 69.6% |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $74M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $106M |
| OPERATING INCOME | -$8M |
| Interest Income | $915.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$919.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $47.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $4M |
| EBIT | -$7M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $167.0K |
| Other Non-Cash Items | $606.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$30M |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $46M |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | -$248.0K |
| Common Stock Repurchased | -$435.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $815.0K |
| NET CASH FROM FINANCING | $132.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $52M |
| Net Receivables | $52M |
| Inventory | $62M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $253M |
| PP&E (Net) | $45M |
| Goodwill | $235M |
| Intangible Assets | $66M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $348M |
| TOTAL ASSETS | $600M |
| Account Payables | $25M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $42M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $55M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $47.0K |
| Additional Paid-In Capital | $812M |
| Retained Earnings | -$347M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $463M |
| Minority Interest | $0 |
| TOTAL EQUITY | $463M |
| TOTAL LIABILITIES & EQUITY | $600M |
| Total Debt | $74M |
| Net Debt | -$6M |
