| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $25M | — | 6.7% | — |
| Op. Income | $11M | -$3M | — | 431.3% | — |
| Gross Margin | 94.6% | 93.8% | — | 0.8pp | — |
| Net Margin | 11.3% | -4.4% | — | 15.7pp | — |
| EPS (Diluted) | $0.04 | $-0.02 | — | 326.4% | — |
| Free Cash Flow | -$18M | -$26M | — | 29.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $25M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $15M |
| OPERATING INCOME | $11M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $1M |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $25M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $15M |
| OPERATING INCOME | $11M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $1M |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$707.0K |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$9.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$93M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $168M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $201M |
| PP&E (Net) | $17M |
| Goodwill | $949.0K |
| Intangible Assets | $766.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $221M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $124M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $147M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $112M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $126M |
| TOTAL LIABILITIES | $272M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $673M |
| Retained Earnings | -$724M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$63.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$51M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$51M |
| TOTAL LIABILITIES & EQUITY | $221M |
| Total Debt | $15M |
| Net Debt | -$11M |
