| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $14M | $24M | 10.9% | -33.7% |
| Op. Income | -$24M | -$8M | -$4M | -198.0% | -445.6% |
| Gross Margin | 45.7% | 29.5% | 42.4% | 16.1pp | 3.2pp |
| Net Margin | -170.0% | -70.4% | -19.1% | -99.6pp | -150.9pp |
| EPS (Diluted) | $-0.50 | $-0.19 | $-0.09 | -163.2% | -486.2% |
| Free Cash Flow | -$3M | -$4M | -$13M | 29.7% | 76.0% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $7M |
| SG&A Expenses | $12M |
| Other Expenses | $19M |
| Operating Expenses | $31M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$24M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $133.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $6M |
| EBIT | -$5M |
| EBITDA | $582.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $897.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$992.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$992.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19.0K |
| NET CASH FROM FINANCING | -$19.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $49M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $46M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $411.0K |
| TOTAL NON-CURRENT ASSETS | $57M |
| TOTAL ASSETS | $106M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $128.0K |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $749.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $362M |
| Retained Earnings | -$285M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77M |
| Minority Interest | $0 |
| TOTAL EQUITY | $77M |
| TOTAL LIABILITIES & EQUITY | $106M |
| Total Debt | $4M |
| Net Debt | -$36M |
