| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $25M | $22M | -62.4% | -56.4% |
| Op. Income | -$12M | $6M | $10M | -303.6% | -214.6% |
| Gross Margin | -42.4% | 53.9% | 83.8% | -96.4pp | -126.2pp |
| Net Margin | -107.3% | 17.9% | 37.1% | -125.2pp | -144.4pp |
| EPS (Diluted) | $-0.72 | $0.32 | $0.57 | -325.0% | -226.3% |
| Free Cash Flow | $2M | $4M | $9M | -53.8% | -76.1% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $13M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $0 |
| Selling & Marketing | $87.0K |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $2M |
| Operating Expenses | $8M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$12M |
| Interest Income | $26M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $431.0K |
| EBIT | -$12M |
| EBITDA | -$11M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $431.0K |
| Stock-Based Compensation | $130.0K |
| Deferred Income Tax | $189.0K |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$17.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $192.0K |
| Sales/Maturities of Investments | $155M |
| Other Investing Activities | -$29M |
| NET CASH FROM INVESTING | $126M |
| Net Debt Issuance | $26M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$90M |
| NET CASH FROM FINANCING | -$65M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $193M |
| Short-Term Investments | $169M |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $367M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.0B |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $141.0K |
| Additional Paid-In Capital | $96M |
| Retained Earnings | $142M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $221M |
| Minority Interest | $0 |
| TOTAL EQUITY | $221M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $29M |
| Net Debt | -$164M |
