| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $12M | $12M | -38.4% | -43.0% |
| Op. Income | -$4M | -$992.0K | -$1M | -314.2% | -192.2% |
| Gross Margin | 44.6% | 53.9% | 55.4% | -9.3pp | -10.8pp |
| Net Margin | -57.8% | -9.7% | -12.3% | -48.1pp | -45.4pp |
| EPS (Diluted) | $-0.19 | $-0.05 | $-0.07 | -272.5% | -169.5% |
| Free Cash Flow | -$1M | $1M | -$870.0K | -236.8% | -67.8% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $7M |
| Operating Expenses | $7M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$4M |
| Interest Income | $239.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$109.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$124.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $7.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $339.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$383.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$194.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$194.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$456.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$456.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $17M |
| Other Current Assets | $963.0K |
| TOTAL CURRENT ASSETS | $35M |
| PP&E (Net) | $7M |
| Goodwill | $2M |
| Intangible Assets | $4M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $204.0K |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $50M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $651.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $139.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $130M |
| Retained Earnings | -$69M |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $42M |
| Minority Interest | $0 |
| TOTAL EQUITY | $42M |
| TOTAL LIABILITIES & EQUITY | $50M |
| Total Debt | $2M |
| Net Debt | -$12M |
