| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | $49M | $34M | 1.4% | 47.6% |
| Op. Income | -$13M | -$15M | -$18M | 11.1% | 24.9% |
| Gross Margin | 69.1% | 70.2% | 60.2% | -1.0pp | 8.9pp |
| Net Margin | -33.8% | -36.8% | -59.8% | 2.9pp | 26.0pp |
| EPS (Diluted) | $-0.30 | $-0.32 | $-0.36 | 6.3% | 16.7% |
| Free Cash Flow | -$1M | -$13M | -$18M | 89.0% | 91.8% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $35M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $3M |
| Operating Expenses | $48M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$13M |
| Interest Income | $306.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $24.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $1M |
| EBIT | -$13M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$924.0K |
| Capital Expenditure | -$539.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$510.0K |
| NET CASH FROM INVESTING | -$539.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $30M |
| Inventory | $18M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $92M |
| PP&E (Net) | $8M |
| Goodwill | $21M |
| Intangible Assets | $47M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $222.0K |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $168M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $95M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22.0K |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $139M |
| TOTAL LIABILITIES | $187M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $528M |
| Retained Earnings | -$547M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$606.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$19M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$19M |
| TOTAL LIABILITIES & EQUITY | $168M |
| Total Debt | $101M |
| Net Debt | $63M |
