| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $44M | $41M | -0.8% | 6.1% |
| Op. Income | -$8M | -$10M | -$15M | 13.0% | 44.0% |
| Gross Margin | 63.6% | 65.2% | 64.2% | -1.6pp | -0.6pp |
| Net Margin | -24.6% | -24.6% | -47.4% | -0.1pp | 22.7pp |
| EPS (Diluted) | $-0.08 | $-0.08 | $-0.15 | 2.2% | 48.6% |
| Free Cash Flow | $1M | -$6M | -$595.0K | 121.1% | 303.0% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $28M |
| R&D Expenses | $13M |
| Selling & Marketing | $2M |
| General & Administrative | $21M |
| SG&A Expenses | $23M |
| Other Expenses | $5.0K |
| Operating Expenses | $36M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$8M |
| Interest Income | $689.0K |
| Interest Expense | $1M |
| Other Income/Expenses | $95.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $46.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$452.0K |
| Acquisitions (Net) | $251.0K |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$251.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $35M |
| Net Receivables | $22M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $109M |
| PP&E (Net) | $35M |
| Goodwill | $11M |
| Intangible Assets | $808.0K |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $70M |
| TOTAL ASSETS | $180M |
| Account Payables | $4M |
| Short-Term Debt | $31M |
| Deferred Revenue | $59M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $578.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $147M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $463M |
| Retained Earnings | -$425M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$682.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32M |
| Minority Interest | $0 |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $180M |
| Total Debt | $51M |
| Net Debt | $17M |
