| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $20M | $7M | 13.6% | 209.1% |
| Op. Income | -$6M | -$5M | -$7M | -19.2% | 19.3% |
| Gross Margin | 91.2% | 89.5% | 61.5% | 1.7pp | 29.7pp |
| Net Margin | -22.6% | -21.9% | -93.0% | -0.7pp | 70.4pp |
| EPS (Diluted) | $-0.20 | $-0.18 | $-0.32 | -11.1% | 37.5% |
| Free Cash Flow | -$4M | $7M | -$4M | -154.4% | -1.7% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $24M |
| Operating Expenses | $27M |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$6M |
| Interest Income | $192.0K |
| Interest Expense | $22.0K |
| Other Income/Expenses | $497.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $2M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $333.0K |
| Change in Working Capital | -$438.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$602.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $142.0K |
| NET CASH FROM INVESTING | -$460.0K |
| Net Debt Issuance | -$272.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$272.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $265.0K |
| Net Receivables | $6M |
| Inventory | $5M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $368.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $53M |
| Account Payables | $5M |
| Short-Term Debt | $123.0K |
| Deferred Revenue | $7M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | -$15.0K |
| Deferred Tax Liabilities | $15.0K |
| Other Non-Current Liabilities | $15.0K |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $19M |
| Common Stock | $308.0K |
| Additional Paid-In Capital | $157M |
| Retained Earnings | -$122M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $53M |
| Total Debt | $5M |
| Net Debt | -$8M |
