| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $21M | — | -12.8% | — |
| Op. Income | -$26M | -$20M | — | -31.7% | — |
| Gross Margin | 67.4% | 68.7% | — | -1.3pp | — |
| Net Margin | -137.2% | -89.7% | — | -47.4pp | — |
| EPS (Diluted) | $-24.99 | $-18.72 | — | -33.5% | — |
| Free Cash Flow | -$7M | -$12M | — | 40.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $13M |
| R&D Expenses | $12M |
| Selling & Marketing | $9M |
| General & Administrative | $17M |
| SG&A Expenses | $26M |
| Other Expenses | -$22.9K |
| Operating Expenses | $39M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$26M |
| Interest Income | $587.1K |
| Interest Expense | $0 |
| Other Income/Expenses | $626.0K |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $65.8K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $4M |
| EBIT | -$26M |
| EBITDA | -$22M |
| EPS | -$25 |
| EPS Diluted | -$25 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$290.0K |
| NET CASH FROM INVESTING | -$290.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $93M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $13M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $141M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $186.6K |
| Long-Term Investments | $56.5K |
| Tax Assets | $745.9K |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $170M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $506.7K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $44M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $698M |
| Retained Earnings | -$539M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $126M |
| Minority Interest | $0 |
| TOTAL EQUITY | $126M |
| TOTAL LIABILITIES & EQUITY | $170M |
| Total Debt | $3M |
| Net Debt | -$90M |
