Q3 2023 Earnings

Reported September 29, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$81M	$70M	—	16.5%	—
Op. Income	-$22M	-$37M	—	39.9%	—
Gross Margin	71.4%	62.5%	—	8.9pp	—
Net Margin	-20.6%	-45.6%	—	25.0pp	—
EPS (Diluted)	$-0.21	$-0.41	—	48.8%	—

Income Statement

Item	Amount
REVENUE	$81M
Cost of Revenue	$23M
GROSS PROFIT	$58M
R&D Expenses	$28M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$52M
Other Expenses	$0
Operating Expenses	$80M
Cost & Expenses	$104M
OPERATING INCOME	-$22M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	-$17M
Income Tax Expense	$32.0K
Net Income from Continuing Ops	-$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$17M
D&A	$94.0K
EBIT	-$17M
EBITDA	-$17M
EPS	-$0
EPS Diluted	-$0