| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $14M | -6.9% | -51.6% |
| Op. Income | -$7M | -$5M | -$4M | -23.1% | -70.1% |
| Gross Margin | -44.8% | 6.8% | 22.3% | -51.5pp | -67.1pp |
| Net Margin | -101.9% | -77.8% | -29.4% | -24.1pp | -72.5pp |
| EPS (Diluted) | $-3.61 | $-2.96 | $-2.18 | -22.0% | -65.6% |
| Free Cash Flow | $1M | $881.4K | -$3M | 39.4% | 140.3% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $10M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $687.1K |
| Selling & Marketing | $2M |
| General & Administrative | $963.1K |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$7M |
| Interest Expense | $99.1K |
| Other Income/Expenses | -$98.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $525 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $102.5K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $142.8K |
| Stock-Based Compensation | $54.3K |
| Deferred Income Tax | -$209.7K |
| Other Non-Cash Items | $8.4K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | $220 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $220 |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$315.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $466.1K |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $10M |
| Other Current Assets | $129.8K |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $613.5K |
| Goodwill | $0 |
| Intangible Assets | $37.6K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $539.5K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $15M |
| Account Payables | $10M |
| Short-Term Debt | $2M |
| Deferred Revenue | $845.0K |
| Other Current Liabilities | $875.1K |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $745.2K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $745.2K |
| TOTAL LIABILITIES | $15M |
| Common Stock | $472.0K |
| Additional Paid-In Capital | $91M |
| Retained Earnings | -$91M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $135.6K |
| Minority Interest | $0 |
| TOTAL EQUITY | $135.6K |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $2M |
| Net Debt | $1M |
