| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $10M | $12M | 1.3% | -9.6% |
| Op. Income | -$3M | -$5M | -$4M | 43.6% | 32.1% |
| Gross Margin | 48.7% | 15.6% | 31.9% | 33.1pp | 16.8pp |
| Net Margin | -23.1% | -78.2% | -52.4% | 55.1pp | 29.3pp |
| EPS (Diluted) | $-0.02 | $-0.07 | $-0.07 | 70.2% | 66.3% |
| Free Cash Flow | -$4M | -$4M | -$4M | 0.6% | 6.6% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $5M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $5M |
| Operating Expenses | $8M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$3M |
| Interest Income | $299.5K |
| Interest Expense | $0 |
| Other Income/Expenses | $316.7K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $39.0K |
| 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 | $110.4K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $110.4K |
| Stock-Based Compensation | $958.3K |
| Deferred Income Tax | $39.1K |
| Other Non-Cash Items | -$73.4K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$127.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $15.1K |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$7.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $12M |
| Net Receivables | $13M |
| Inventory | $9M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $169.1K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $55M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $267.2K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $1M |
| Additional Paid-In Capital | $384M |
| Retained Earnings | -$352M |
| Treasury Stock | -$103.1K |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34M |
| Minority Interest | $0 |
| TOTAL EQUITY | $34M |
| TOTAL LIABILITIES & EQUITY | $55M |
| Total Debt | $3M |
| Net Debt | -$7M |
