| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $9M | $10M | 67.0% | 51.8% |
| Op. Income | -$14M | -$23M | -$18M | 36.7% | 21.7% |
| Gross Margin | 92.1% | 80.3% | 86.0% | 11.8pp | 6.1pp |
| Net Margin | -83.0% | -251.7% | -184.0% | 168.8pp | 101.0pp |
| EPS (Diluted) | $-0.33 | $-0.61 | $-0.49 | 45.9% | 32.7% |
| Free Cash Flow | -$17M | $57M | -$14M | -129.9% | -18.1% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $14M |
| R&D Expenses | $17M |
| Selling & Marketing | $479.0K |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$14M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $115.0K |
| EBIT | -$13M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $115.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133M |
| Short-Term Investments | $3M |
| Net Receivables | $483.0K |
| Inventory | $5M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $150M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $150.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $160M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $40M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $64M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $38M |
| TOTAL LIABILITIES | $101M |
| Common Stock | $35.0K |
| Additional Paid-In Capital | $786M |
| Retained Earnings | -$728M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $841.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $59M |
| Minority Interest | $0 |
| TOTAL EQUITY | $59M |
| TOTAL LIABILITIES & EQUITY | $160M |
| Total Debt | $6M |
| Net Debt | -$127M |
