| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $26M | $24M | -10.1% | -3.7% |
| Op. Income | -$512.0K | $213.0K | -$476.0K | -340.4% | -7.6% |
| Gross Margin | 67.0% | 73.6% | 72.7% | -6.6pp | -5.7pp |
| Net Margin | -1.6% | -0.4% | -2.6% | -1.2pp | 1.0pp |
| EPS (Diluted) | $-0.01 | $-0.00 | $-0.02 | -262.5% | 40.2% |
| Free Cash Flow | $980.0K | $7M | $900.0K | -86.5% | 8.9% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $15M |
| R&D Expenses | $7M |
| Selling & Marketing | $7M |
| General & Administrative | $2M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$512.0K |
| Interest Income | $818.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $573.0K |
| INCOME BEFORE TAX | $61.0K |
| Income Tax Expense | $433.0K |
| Net Income from Continuing Ops | -$372.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$372.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$372.0K |
| D&A | $417.0K |
| EBIT | -$512.0K |
| EBITDA | -$95.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$372.0K |
| Depreciation & Amortization | $417.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$161.0K |
| Other Non-Cash Items | $455.0K |
| Change in Working Capital | -$881.0K |
| OPERATING CASH FLOW | $905.0K |
| Capital Expenditure | $75.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $75.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $103.0K |
| NET CASH FROM FINANCING | -$998.0K |
| FREE CASH FLOW | $980.0K |
| Net Change in Cash | $439.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $97M |
| PP&E (Net) | $4M |
| Goodwill | $13M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $117M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $35M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $818.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $55M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $400M |
| Retained Earnings | -$334M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | -$96.0K |
| TOTAL STOCKHOLDERS' EQUITY | $62M |
| Minority Interest | $0 |
| TOTAL EQUITY | $62M |
| TOTAL LIABILITIES & EQUITY | $117M |
| Total Debt | $3M |
| Net Debt | -$78M |
