| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $434.0K | $495.0K | $906.0K | -12.3% | -52.1% |
| Op. Income | -$11M | -$8M | -$8M | -32.0% | -29.2% |
| Gross Margin | 69.4% | 69.7% | 74.1% | -0.3pp | -4.7pp |
| Net Margin | -4686.6% | -1454.9% | -979.8% | -3231.7pp | -3706.8pp |
| EPS (Diluted) | $-1.14 | $-0.58 | $-0.96 | -97.1% | -18.2% |
| Free Cash Flow | -$9M | -$10M | -$5M | 5.5% | -74.6% |
| Item | Amount |
|---|---|
| REVENUE | $434.0K |
| Cost of Revenue | $133.0K |
| GROSS PROFIT | $301.0K |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $395.0K |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $290.0K |
| EBIT | -$20M |
| EBITDA | -$20M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $28.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $301.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | $1.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $35M |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $205.0K |
| Inventory | $3M |
| Other Current Assets | $406.0K |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $48M |
| Account Payables | $753.0K |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $23M |
| Common Stock | $197.0K |
| Additional Paid-In Capital | $519M |
| Retained Earnings | -$494M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$59.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $48M |
| Total Debt | $10M |
| Net Debt | -$30M |
