| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $21M | $34M | -56.5% | -73.1% |
| Op. Income | -$32M | -$13M | -$11M | -153.9% | -201.4% |
| Gross Margin | 75.8% | 85.1% | 71.6% | -9.3pp | 4.1pp |
| Net Margin | -376.3% | -54.0% | -29.0% | -322.2pp | -347.3pp |
| EPS (Diluted) | $-0.50 | $-0.17 | $-0.15 | -194.1% | -233.3% |
| Free Cash Flow | -$17M | -$18M | $18M | 3.9% | -192.2% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $7M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $13M |
| Operating Expenses | $39M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$32M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $9.0K |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $2M |
| EBIT | -$19M |
| EBITDA | -$16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $12.0K |
| Change in Working Capital | $35.0K |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$678.0K |
| Acquisitions (Net) | $12.0K |
| Purchases of Investments | -$441.0K |
| Sales/Maturities of Investments | -$12.0K |
| Other Investing Activities | $12.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$108.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $2M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $29M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $154M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $582M |
| Retained Earnings | -$490M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $92M |
| Minority Interest | $0 |
| TOTAL EQUITY | $92M |
| TOTAL LIABILITIES & EQUITY | $154M |
| Total Debt | $20M |
| Net Debt | -$55M |
