| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $5M | $4M | -70.3% | -62.6% |
| Op. Income | -$20M | -$8M | -$5M | -169.1% | -285.5% |
| Gross Margin | 54.3% | 41.0% | 29.1% | 13.4pp | 25.2pp |
| Net Margin | 272.6% | -165.4% | -121.9% | 438.0pp | 394.5pp |
| EPS (Diluted) | $0.54 | $-1.10 | $-0.19 | 149.1% | 384.2% |
| Free Cash Flow | -$4M | -$6M | -$3M | 38.8% | -27.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $722.0K |
| GROSS PROFIT | $859.0K |
| R&D Expenses | $349.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $17M |
| Operating Expenses | $21M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$20M |
| Interest Income | $47.0K |
| Interest Expense | $321.0K |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$7.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $59.0K |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $59.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$24.0K |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $586.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $586.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$815.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $371.0K |
| Short-Term Investments | $0 |
| Net Receivables | $380.0K |
| Inventory | $124.0K |
| Other Current Assets | $130.0K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $17.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $108M |
| Tax Assets | $0 |
| Other Non-Current Assets | $502.0K |
| TOTAL NON-CURRENT ASSETS | $109M |
| TOTAL ASSETS | $110M |
| Account Payables | $7M |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $212.0K |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $27M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $54M |
| Common Stock | $96M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $56M |
| Minority Interest | $0 |
| TOTAL EQUITY | $56M |
| TOTAL LIABILITIES & EQUITY | $110M |
| Total Debt | $38M |
| Net Debt | $38M |
