| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $397.1K | $837.2K | $879.6K | -52.6% | -54.9% |
| Op. Income | -$2M | -$2M | -$2M | 24.9% | 7.7% |
| Gross Margin | 73.3% | 5.3% | 31.5% | 68.1pp | 41.9pp |
| Net Margin | -406.6% | -257.2% | -205.7% | -149.4pp | -200.9pp |
| EPS (Diluted) | $-0.06 | $-0.07 | $-0.06 | 25.0% | 6.5% |
| Free Cash Flow | -$2M | -$2M | -$2M | -18.6% | -10.4% |
| Item | Amount |
|---|---|
| REVENUE | $397.1K |
| Cost of Revenue | $105.9K |
| GROSS PROFIT | $291.2K |
| R&D Expenses | $716.4K |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $12.6K |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $105.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $105.9K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $0 |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $281.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9.0K |
| Change in Working Capital | -$619.7K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$273.9K |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $772.8K |
| Net Receivables | $417.9K |
| Inventory | $0 |
| Other Current Assets | $72.2K |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $153.1K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14.6K |
| TOTAL NON-CURRENT ASSETS | $167.7K |
| TOTAL ASSETS | $9M |
| Account Payables | $600.1K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $190.4K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44.1K |
| TOTAL NON-CURRENT LIABILITIES | $145.7K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $41.1K |
| Additional Paid-In Capital | $105M |
| Retained Earnings | -$78M |
| Treasury Stock | -$19M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8M |
| Minority Interest | $0 |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $148.2K |
| Net Debt | -$7M |
