| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $18M | $19M | 6.2% | -3.0% |
| Op. Income | -$37M | -$39M | -$33M | 6.9% | -12.8% |
| Gross Margin | 100.0% | 97.0% | 96.3% | 3.0pp | 3.7pp |
| Net Margin | -206.8% | -211.6% | -162.7% | 4.8pp | -44.0pp |
| EPS (Diluted) | $-1.86 | $-1.79 | $-1.53 | -3.9% | -21.6% |
| Free Cash Flow | -$34M | -$16M | -$30M | -112.0% | -14.8% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $19M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$37M |
| Interest Income | $4M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $651.0K |
| EBIT | -$33M |
| EBITDA | -$32M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $651.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $519.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$177M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$146M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $200M |
| NET CASH FROM FINANCING | $200M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $291M |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $448M |
| PP&E (Net) | $36M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $47M |
| TOTAL ASSETS | $495M |
| Account Payables | $8M |
| Short-Term Debt | $37M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $166M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $426.0K |
| TOTAL NON-CURRENT LIABILITIES | $189M |
| TOTAL LIABILITIES | $257M |
| Common Stock | $210.0K |
| Additional Paid-In Capital | $418M |
| Retained Earnings | -$179M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $238M |
| Minority Interest | $0 |
| TOTAL EQUITY | $238M |
| TOTAL LIABILITIES & EQUITY | $495M |
| Total Debt | $231M |
| Net Debt | $136M |
