| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $18M | $20M | -16.6% | -21.4% |
| Op. Income | -$33M | -$31M | -$46M | -4.2% | 29.3% |
| Gross Margin | 60.8% | 59.1% | 56.0% | 1.8pp | 4.8pp |
| Net Margin | -177.5% | -155.1% | -279.0% | -22.4pp | 101.6pp |
| EPS (Diluted) | $-0.13 | $-0.14 | $-0.27 | 7.1% | 51.9% |
| Free Cash Flow | -$17M | -$27M | -$47M | 37.8% | 63.5% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $9M |
| R&D Expenses | $12M |
| Selling & Marketing | $9M |
| General & Administrative | $21M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$33M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $2.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $4M |
| EBIT | -$27M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $92.0K |
| NET CASH FROM FINANCING | $92.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $150M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $94M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $269M |
| PP&E (Net) | $42M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $66M |
| TOTAL ASSETS | $334M |
| Account Payables | $8M |
| Short-Term Debt | $2M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $77M |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $943M |
| Retained Earnings | -$686M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $257M |
| Minority Interest | $0 |
| TOTAL EQUITY | $257M |
| TOTAL LIABILITIES & EQUITY | $334M |
| Total Debt | $25M |
| Net Debt | -$125M |
