| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $910.1K | $1M | $866.6K | -9.1% | 5.0% |
| Op. Income | -$706.1K | -$2M | -$1M | 65.4% | 42.7% |
| Gross Margin | -28.7% | -93.7% | -37.7% | 65.0pp | 9.1pp |
| Net Margin | -80.5% | -205.5% | -153.1% | 125.0pp | 72.7pp |
| EPS (Diluted) | $-0.70 | $-2.00 | $-1.16 | 65.0% | 39.9% |
| Free Cash Flow | -$268.3K | -$675.8K | -$1M | 60.3% | 77.1% |
| Item | Amount |
|---|---|
| REVENUE | $910.1K |
| Cost of Revenue | $1M |
| GROSS PROFIT | -$260.8K |
| R&D Expenses | $262.7K |
| Selling & Marketing | $72.1K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $496.4K |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$706.1K |
| Interest Income | $0 |
| Interest Expense | $22.2K |
| Other Income/Expenses | -$22.2K |
| INCOME BEFORE TAX | -$728.4K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$728.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$732.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$728.4K |
| D&A | $285.5K |
| EBIT | -$706.1K |
| EBITDA | -$420.6K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$728.4K |
| Depreciation & Amortization | $285.5K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $276.9K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$166.0K |
| Capital Expenditure | -$102.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$102.3K |
| NET CASH FROM INVESTING | -$102.3K |
| Net Debt Issuance | -$7.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$7.7K |
| FREE CASH FLOW | -$268.3K |
| Net Change in Cash | -$281.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $436.5K |
| Short-Term Investments | $0 |
| Net Receivables | $814.2K |
| Inventory | $0 |
| Other Current Assets | $187.3K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $534.8K |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$2M |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $4M |
| Account Payables | $2M |
| Short-Term Debt | $215.4K |
| Deferred Revenue | $115.5K |
| Other Current Liabilities | $115.5K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $118.1K |
| TOTAL NON-CURRENT LIABILITIES | $376.5K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $32M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $267.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | $267.0K |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $521.5K |
| Net Debt | $85.0K |
