| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $227M | $182M | $214M | 24.6% | 6.1% |
| Op. Income | -$8M | -$44M | -$33M | 80.5% | 74.5% |
| Gross Margin | 55.9% | 47.0% | 54.2% | 8.9pp | 1.7pp |
| Net Margin | -6.7% | -24.8% | -13.1% | 18.1pp | 6.4pp |
| EPS (Diluted) | $-0.12 | $-0.36 | $-0.22 | 65.7% | 43.3% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $127M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $107M |
| Other Expenses | $0 |
| Operating Expenses | $135M |
| Cost & Expenses | $235M |
| OPERATING INCOME | -$8M |
| Interest Income | $319.1K |
| Interest Expense | $3M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $376.5K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $0 |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $3M |
| Net Receivables | $53M |
| Inventory | $26M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $165M |
| PP&E (Net) | $25M |
| Goodwill | $16M |
| Intangible Assets | $0 |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $223M |
| Account Payables | $34M |
| Short-Term Debt | $128M |
| Deferred Revenue | $136M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $439M |
| Long-Term Debt | $88M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $538M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$323M |
| TOTAL STOCKHOLDERS' EQUITY | -$323M |
| Minority Interest | $8M |
| TOTAL EQUITY | -$315M |
| TOTAL LIABILITIES & EQUITY | $223M |
| Total Debt | $225M |
| Net Debt | $175M |
