| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | — | $33M | — | 4.1% |
| Op. Income | -$19M | — | -$98M | — | 80.9% |
| Gross Margin | -25.6% | — | -11.8% | — | -13.8pp |
| Net Margin | -47.7% | — | -255.1% | — | 207.4pp |
| EPS (Diluted) | $-0.07 | — | $-0.40 | — | 82.9% |
| Free Cash Flow | -$11M | — | -$21M | — | 49.1% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $43M |
| GROSS PROFIT | -$9M |
| R&D Expenses | $0 |
| Selling & Marketing | $73.0K |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $1M |
| Operating Expenses | $10M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$19M |
| Interest Income | $477.0K |
| Interest Expense | $815.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $401.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $22M |
| EBIT | -$15M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $17M |
| Net Receivables | $12M |
| Inventory | $730.0K |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $84M |
| PP&E (Net) | $240M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $249M |
| TOTAL ASSETS | $333M |
| Account Payables | $8M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $108.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $500M |
| Additional Paid-In Capital | $72M |
| Retained Earnings | -$284M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $72M |
| Other Equity | -$72M |
| TOTAL STOCKHOLDERS' EQUITY | $288M |
| Minority Interest | $0 |
| TOTAL EQUITY | $288M |
| TOTAL LIABILITIES & EQUITY | $333M |
| Total Debt | $26M |
| Net Debt | -$20M |
