| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | $47M | $69M | 5.6% | -27.7% |
| Op. Income | -$12M | $2M | $6M | -658.7% | -279.4% |
| Gross Margin | 36.3% | 37.9% | 30.6% | -1.6pp | 5.7pp |
| Net Margin | -35.7% | -1.7% | 4.5% | -34.0pp | -40.3pp |
| EPS (Diluted) | $-57.00 | $-3.60 | $7.50 | -1483.3% | -860.0% |
| Free Cash Flow | $8M | $2M | $7M | 328.0% | 14.6% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $18M |
| R&D Expenses | $979.0K |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $13M |
| Operating Expenses | $30M |
| Cost & Expenses | $61M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $2M |
| EBIT | -$12M |
| EBITDA | -$9M |
| EPS | -$57 |
| EPS Diluted | -$57 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $671.0K |
| Deferred Income Tax | $1.0K |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$126.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$126.0K |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $40M |
| Inventory | $43M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $111M |
| PP&E (Net) | $10M |
| Goodwill | $12M |
| Intangible Assets | $47M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $851.0K |
| TOTAL NON-CURRENT ASSETS | $69M |
| TOTAL ASSETS | $180M |
| Account Payables | $30M |
| Short-Term Debt | $1M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $100M |
| TOTAL LIABILITIES | $150M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $119M |
| Retained Earnings | -$87M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31M |
| Minority Interest | $0 |
| TOTAL EQUITY | $31M |
| TOTAL LIABILITIES & EQUITY | $180M |
| Total Debt | $53M |
| Net Debt | $35M |
