| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $57M | $70M | $73M | -18.8% | -21.2% |
| Op. Income | -$30M | -$30M | -$26M | -1.5% | -17.8% |
| Gross Margin | 43.5% | 42.8% | 44.8% | 0.7pp | -1.3pp |
| Net Margin | -55.2% | -41.1% | -34.7% | -14.1pp | -20.4pp |
| EPS (Diluted) | $-4.15 | $-3.84 | $-3.38 | -8.1% | -22.8% |
| Free Cash Flow | -$7M | -$4M | -$26M | -99.3% | 71.2% |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $44M |
| SG&A Expenses | $54M |
| Other Expenses | $1M |
| Operating Expenses | $55M |
| Cost & Expenses | $87M |
| OPERATING INCOME | -$30M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $134.0K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $5M |
| EBIT | -$29M |
| EBITDA | -$24M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $134.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $314.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$210.0K |
| NET CASH FROM FINANCING | $77.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $80M |
| Other Current Assets | $499.0K |
| TOTAL CURRENT ASSETS | $236M |
| PP&E (Net) | $138M |
| Goodwill | $0 |
| Intangible Assets | $94.0K |
| Long-Term Investments | $2M |
| Tax Assets | $1M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $144M |
| TOTAL ASSETS | $380M |
| Account Payables | $13M |
| Short-Term Debt | $15M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.0K |
| TOTAL NON-CURRENT LIABILITIES | $92M |
| TOTAL LIABILITIES | $144M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $576M |
| Retained Earnings | -$334M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $236M |
| Minority Interest | $0 |
| TOTAL EQUITY | $236M |
| TOTAL LIABILITIES & EQUITY | $380M |
| Total Debt | $107M |
| Net Debt | -$26M |
