| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $38M | $36M | -4.2% | -0.4% |
| Op. Income | -$31M | -$30M | -$31M | -5.7% | -1.4% |
| Gross Margin | 97.5% | 96.8% | 97.3% | 0.6pp | 0.2pp |
| Net Margin | -95.8% | -86.8% | -100.5% | -9.0pp | 4.7pp |
| EPS (Diluted) | $-4.52 | $-0.29 | $-0.45 | -1458.6% | -904.4% |
| Free Cash Flow | -$30M | -$26M | -$28M | -14.9% | -3.9% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $911.0K |
| GROSS PROFIT | $35M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $67M |
| OPERATING INCOME | -$31M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $12.0K |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $80.0K |
| EBIT | -$28M |
| EBITDA | -$28M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $285.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $165M |
| Net Receivables | $38M |
| Inventory | $3M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $263M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $270M |
| Account Payables | $943.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $171M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $134M |
| TOTAL NON-CURRENT LIABILITIES | $308M |
| TOTAL LIABILITIES | $370M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$742.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$100M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$100M |
| TOTAL LIABILITIES & EQUITY | $270M |
| Total Debt | $178M |
| Net Debt | $134M |
