| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $18M | $7M | -7.5% | 149.4% |
| Op. Income | -$4M | -$4M | -$7M | -6.0% | 44.9% |
| Gross Margin | 1.7% | 2.8% | -5.1% | -1.1pp | 6.8pp |
| Net Margin | -22.0% | -19.8% | -102.4% | -2.2pp | 80.4pp |
| EPS (Diluted) | $-0.26 | $-0.32 | $-0.67 | 18.8% | 61.2% |
| Free Cash Flow | -$9M | -$5M | -$9M | -90.6% | -1.4% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $283.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | -$7.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$4M |
| Interest Income | $136.0K |
| Interest Expense | $4.0K |
| Other Income/Expenses | $125.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $363.0K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $363.0K |
| Stock-Based Compensation | $623.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$280.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14.0K |
| NET CASH FROM INVESTING | -$280.0K |
| Net Debt Issuance | $209.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$140.0K |
| NET CASH FROM FINANCING | $62.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $14M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $3M |
| Goodwill | $5M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62.0K |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $63M |
| Account Payables | $7M |
| Short-Term Debt | $38.0K |
| Deferred Revenue | $498.0K |
| Other Current Liabilities | $231.0K |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $171.0K |
| Deferred Revenue NC | $348.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $139M |
| Retained Earnings | -$88M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $50M |
| Minority Interest | $0 |
| TOTAL EQUITY | $50M |
| TOTAL LIABILITIES & EQUITY | $63M |
| Total Debt | $1M |
| Net Debt | -$13M |
