| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $128M | $135M | $166M | -5.0% | -22.7% |
| Op. Income | -$29M | -$24M | -$36M | -20.0% | 19.9% |
| Gross Margin | 58.5% | 61.3% | 63.1% | -2.8pp | -4.6pp |
| Net Margin | -25.5% | -19.1% | -20.4% | -6.4pp | -5.1pp |
| EPS (Diluted) | $-5.29 | $-4.10 | $-5.50 | -29.0% | 3.8% |
| Free Cash Flow | -$685.0K | -$8M | -$8M | 91.6% | 91.1% |
| Item | Amount |
|---|---|
| REVENUE | $128M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $75M |
| R&D Expenses | $19M |
| Selling & Marketing | $69M |
| General & Administrative | $15M |
| SG&A Expenses | $84M |
| Other Expenses | $1M |
| Operating Expenses | $104M |
| Cost & Expenses | $157M |
| OPERATING INCOME | -$29M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $63.0K |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $15M |
| EBIT | -$31M |
| EBITDA | -$15M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$45.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$216.0K |
| Capital Expenditure | -$469.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14.0K |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | -$685.0K |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $32M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $131M |
| PP&E (Net) | $54M |
| Goodwill | $125M |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $217M |
| TOTAL ASSETS | $347M |
| Account Payables | $16M |
| Short-Term Debt | $1M |
| Deferred Revenue | $102M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $173M |
| Long-Term Debt | $28M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $60.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $206M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $648M |
| Retained Earnings | -$507M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$195.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $141M |
| Minority Interest | $0 |
| TOTAL EQUITY | $141M |
| TOTAL LIABILITIES & EQUITY | $347M |
| Total Debt | $33M |
| Net Debt | -$5M |
