| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $3M | 41.3% | -46.5% |
| Op. Income | -$8M | -$7M | -$6M | -19.4% | -35.6% |
| Gross Margin | -66.4% | -68.5% | -26.8% | 2.1pp | -39.5pp |
| Net Margin | -1109.2% | 1832.6% | -441.9% | -2941.7pp | -667.3pp |
| EPS (Diluted) | $-30.96 | $35.28 | $-48.24 | -187.8% | 35.8% |
| Free Cash Flow | -$8M | -$9M | -$38M | 7.3% | 78.4% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $275.2K |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $160.7K |
| Operating Expenses | $7M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $873.7K |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $160.7K |
| EBIT | -$16M |
| EBITDA | -$16M |
| EPS | -$31 |
| EPS Diluted | -$31 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $160.7K |
| Stock-Based Compensation | $918.0K |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $14M |
| Other Current Assets | $984.9K |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $104.9K |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $56M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $152.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $46M |
| TOTAL LIABILITIES | $59M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $77M |
| Retained Earnings | -$79M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3M |
| TOTAL LIABILITIES & EQUITY | $56M |
| Total Debt | $32M |
| Net Debt | $25M |
