| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $11M | $10M | -7.6% | 2.9% |
| Op. Income | -$2M | -$7M | -$1M | 71.7% | -86.2% |
| Gross Margin | 98.2% | 98.0% | 91.5% | 0.2pp | 6.6pp |
| Net Margin | -37.9% | -72.2% | -13.3% | 34.3pp | -24.7pp |
| EPS (Diluted) | $-0.28 | $-0.60 | $-0.12 | 53.3% | -133.3% |
| Free Cash Flow | -$1M | -$1M | -$2M | 6.2% | 27.1% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $185.3K |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $881.8K |
| Operating Expenses | $12M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$2M |
| Interest Income | $104.3K |
| Interest Expense | $604.7K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $31.1K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $535.7K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $535.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $31.1K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$171.2K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$12.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12.4K |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$479.3K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $6M |
| Goodwill | $23M |
| Intangible Assets | $10M |
| Long-Term Investments | $681.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $963.1K |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $66M |
| Account Payables | $4M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $373.3K |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $43M |
| Common Stock | $213.4K |
| Additional Paid-In Capital | $147M |
| Retained Earnings | -$124M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $26M |
| Net Debt | $20M |
