| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $17M | $16M | 101.1% | 114.3% |
| Op. Income | $17M | -$8M | -$9M | 325.3% | 281.7% |
| Gross Margin | 81.4% | 54.8% | 55.2% | 26.6pp | 26.2pp |
| Net Margin | 48.6% | -48.7% | -62.5% | 97.3pp | 111.2pp |
| EPS (Diluted) | $0.80 | $-0.46 | $-0.57 | 273.9% | 240.4% |
| Free Cash Flow | $19M | $4M | -$7M | 372.3% | 357.4% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $28M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $17M |
| OPERATING INCOME | $17M |
| Interest Income | $8.0K |
| Interest Expense | $268.0K |
| Other Income/Expenses | -$361.0K |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $95.0K |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $836.0K |
| EBIT | $17M |
| EBITDA | $18M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $28M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $17M |
| OPERATING INCOME | $17M |
| Interest Income | $8.0K |
| Interest Expense | $268.0K |
| Other Income/Expenses | -$361.0K |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $95.0K |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $836.0K |
| EBIT | $17M |
| EBITDA | $18M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $836.0K |
| Stock-Based Compensation | $558.0K |
| Deferred Income Tax | -$82.0K |
| Other Non-Cash Items | $235.0K |
| Change in Working Capital | $411.0K |
| OPERATING CASH FLOW | $19M |
| 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 | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $11M |
| Other Current Assets | $924.0K |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $124.0K |
| Goodwill | $0 |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.0K |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $66M |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $34.0K |
| TOTAL LIABILITIES | $49M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $88M |
| Retained Earnings | -$70M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | $0 |
| TOTAL EQUITY | $17M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $131.0K |
| Net Debt | -$25M |
