| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $78M | $80M | $71M | -2.9% | 9.5% |
| Op. Income | -$28M | -$29M | -$22M | 3.7% | -29.6% |
| Gross Margin | 76.3% | 75.0% | 76.3% | 1.3pp | -0.1pp |
| Net Margin | -39.0% | -40.8% | -38.7% | 1.8pp | -0.3pp |
| EPS (Diluted) | $-0.63 | $-0.68 | $-0.58 | 7.4% | -8.6% |
| Free Cash Flow | -$12M | -$14M | -$33M | 17.2% | 64.6% |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $60M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $106M |
| OPERATING INCOME | -$28M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $37.0K |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $12M |
| EBIT | -$27M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$9.0K |
| Other Non-Cash Items | -$884.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | -$97.0K |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | -$190.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$768.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $109M |
| Short-Term Investments | $192M |
| Net Receivables | $39M |
| Inventory | $40M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $400M |
| PP&E (Net) | $175M |
| Goodwill | $66M |
| Intangible Assets | $289M |
| Long-Term Investments | $6M |
| Tax Assets | -$6M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $549M |
| TOTAL ASSETS | $949M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $282M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $404M |
| TOTAL LIABILITIES | $471M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$562M |
| Treasury Stock | -$132.0K |
| Accum. Other Comp. Income | $764.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $478M |
| Minority Interest | $0 |
| TOTAL EQUITY | $478M |
| TOTAL LIABILITIES & EQUITY | $949M |
| Total Debt | $384M |
| Net Debt | $275M |
