| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $39M | $42M | -6.1% | -14.1% |
| Op. Income | -$15M | -$10M | -$6M | -55.8% | -160.6% |
| Gross Margin | 51.6% | 56.5% | 61.0% | -4.9pp | -9.5pp |
| Net Margin | -46.6% | -29.1% | -19.4% | -17.5pp | -27.2pp |
| EPS (Diluted) | $-0.21 | $-0.14 | $-0.10 | -50.0% | -110.0% |
| Free Cash Flow | -$7M | -$1M | -$2M | -614.5% | -373.3% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $19M |
| R&D Expenses | $7M |
| Selling & Marketing | $13M |
| General & Administrative | $14M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | -$270.0K |
| 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 | -$15M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$21.0K |
| Other Non-Cash Items | $415.0K |
| Change in Working Capital | $154.0K |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $142.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$142.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$228.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$159.0K |
| NET CASH FROM FINANCING | $669.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $5M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $180M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $430.0K |
| Other Non-Current Assets | $789.0K |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $212M |
| Account Payables | $1M |
| Short-Term Debt | $23M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $36M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $117M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $229M |
| Retained Earnings | -$134M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $95M |
| Minority Interest | $0 |
| TOTAL EQUITY | $95M |
| TOTAL LIABILITIES & EQUITY | $212M |
| Total Debt | $66M |
| Net Debt | -$24M |
