| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $6M | $7M | -42.8% | -46.7% |
| Op. Income | $16M | $14M | $15M | 10.9% | 6.7% |
| Gross Margin | 17.3% | 51.5% | 44.0% | -34.2pp | -26.6pp |
| Net Margin | -447.2% | -269.6% | -236.7% | -177.6pp | -210.5pp |
| EPS (Diluted) | $-0.49 | $-0.59 | $-0.73 | 16.9% | 32.9% |
| Free Cash Flow | -$9M | -$10M | -$11M | 8.8% | 18.7% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $610.0K |
| R&D Expenses | $6M |
| Selling & Marketing | $6M |
| General & Administrative | $4M |
| SG&A Expenses | $10M |
| Other Expenses | -$31M |
| Operating Expenses | -$15M |
| Cost & Expenses | -$12M |
| OPERATING INCOME | $16M |
| Interest Income | $534.0K |
| Interest Expense | $23.0K |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $1M |
| EBIT | -$16M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$234.0K |
| Change in Working Capital | $926.0K |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$281.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$281.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $204.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $5M |
| Other Current Assets | $395.0K |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $2M |
| Goodwill | $42M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $136.0K |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $107M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $684.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $560.0K |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $402M |
| Retained Earnings | -$334M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $68M |
| Minority Interest | $0 |
| TOTAL EQUITY | $68M |
| TOTAL LIABILITIES & EQUITY | $107M |
| Total Debt | $30M |
| Net Debt | -$14M |
