| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $9M | $12M | -8.8% | -34.9% |
| Op. Income | -$2M | -$2M | -$2M | 4.5% | 32.2% |
| Gross Margin | 12.8% | 13.4% | 21.1% | -0.6pp | -8.3pp |
| Net Margin | -25.0% | -20.9% | -19.6% | -4.0pp | -5.4pp |
| EPS (Diluted) | $-6865.20 | $-6310.42 | $-9700.68 | -8.8% | 29.2% |
| Free Cash Flow | -$5.0K | -$1M | -$978.0K | 99.6% | 99.5% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $995.0K |
| R&D Expenses | $54.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $415.0K |
| Other Income/Expenses | -$415.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $4.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $712.0K |
| EBIT | -$2M |
| EBITDA | -$812.0K |
| EPS | -$6.9K |
| EPS Diluted | -$6.9K |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $712.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | -$5.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5.0K |
| Net Debt Issuance | -$52.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$52.0K |
| FREE CASH FLOW | -$5.0K |
| Net Change in Cash | -$57.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75.0K |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $622.0K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $49.0K |
| Goodwill | $1M |
| Intangible Assets | $8M |
| Long-Term Investments | $15.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $14M |
| Account Payables | $1M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $0 |
| Additional Paid-In Capital | $26M |
| Retained Earnings | -$20M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $3M |
| Net Debt | $3M |
