| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $5M | $6M | -10.8% | -22.0% |
| Op. Income | -$1M | -$1M | -$1M | -9.9% | -31.8% |
| Gross Margin | 33.1% | 33.7% | 41.0% | -0.7pp | -8.0pp |
| Net Margin | -27.6% | -18.6% | -19.9% | -9.0pp | -7.7pp |
| EPS (Diluted) | $-0.06 | $-0.04 | $-0.05 | -32.7% | -8.3% |
| Free Cash Flow | -$2M | -$8M | $631.0K | 76.3% | -388.9% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2M |
| R&D Expenses | $889.0K |
| Selling & Marketing | $1M |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $86.0K |
| Other Income/Expenses | $157.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $19.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $349.0K |
| EBIT | -$1M |
| EBITDA | -$897.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $349.0K |
| Stock-Based Compensation | $33.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$700.0K |
| Change in Working Capital | -$108.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$46.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $661.0K |
| NET CASH FROM INVESTING | $615.0K |
| Net Debt Issuance | -$225.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $3.0K |
| NET CASH FROM FINANCING | -$222.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $6M |
| Net Receivables | $10M |
| Inventory | $9M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $42M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $583.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $49M |
| Account Payables | $2M |
| Short-Term Debt | $1M |
| Deferred Revenue | $38.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $46M |
| Retained Earnings | -$4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$308.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $42M |
| Minority Interest | $0 |
| TOTAL EQUITY | $42M |
| TOTAL LIABILITIES & EQUITY | $49M |
| Total Debt | $2M |
| Net Debt | -$12M |
