| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | — | 4.1% | — |
| Op. Income | -$4M | -$5M | — | 11.5% | — |
| Gross Margin | 11.8% | 65.8% | — | -54.0pp | — |
| Net Margin | -97.1% | -152.7% | — | 55.6pp | — |
| EPS (Diluted) | $-0.10 | $-0.00 | — | -16400.0% | — |
| Free Cash Flow | -$2M | -$5M | — | 67.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $527.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $744.0K |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$291.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $38.0K |
| 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 | $455.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $455.0K |
| Stock-Based Compensation | $3.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$62.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$62.0K |
| Net Debt Issuance | $739.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $18.0K |
| NET CASH FROM FINANCING | $757.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120.0K |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $478.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $906.0K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $17M |
| Account Payables | $18M |
| Short-Term Debt | $74M |
| Deferred Revenue | $667.0K |
| Other Current Liabilities | $98.0K |
| TOTAL CURRENT LIABILITIES | $113M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $123M |
| Common Stock | $129.0K |
| Additional Paid-In Capital | $434M |
| Retained Earnings | -$539M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$476.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$106M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$106M |
| TOTAL LIABILITIES & EQUITY | $17M |
| Total Debt | $75M |
| Net Debt | $75M |
