| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $2M | 45.7% | -5.9% |
| Op. Income | -$981.0K | -$702.0K | -$774.0K | -39.7% | -26.7% |
| Gross Margin | 14.4% | 22.7% | 18.8% | -8.4pp | -4.5pp |
| Net Margin | -45.0% | -47.0% | -51.3% | 1.9pp | 6.3pp |
| EPS (Diluted) | $-0.15 | $-0.11 | $-0.20 | -36.4% | 25.0% |
| Free Cash Flow | -$689.0K | -$501.0K | -$852.0K | -37.5% | 19.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $241.0K |
| R&D Expenses | $372.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $850.0K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$981.0K |
| Interest Income | $0 |
| Interest Expense | $67.0K |
| Other Income/Expenses | $225.0K |
| INCOME BEFORE TAX | -$756.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$756.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$756.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$756.0K |
| D&A | $259.0K |
| EBIT | -$689.0K |
| EBITDA | -$430.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$756.0K |
| Depreciation & Amortization | $259.0K |
| Stock-Based Compensation | $141.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $137.0K |
| Change in Working Capital | -$341.0K |
| OPERATING CASH FLOW | -$560.0K |
| Capital Expenditure | -$129.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7.0K |
| NET CASH FROM INVESTING | -$136.0K |
| Net Debt Issuance | -$114.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$114.0K |
| FREE CASH FLOW | -$689.0K |
| Net Change in Cash | -$819.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $981.0K |
| Inventory | $4M |
| Other Current Assets | $241.0K |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $98.0K |
| Long-Term Investments | $913.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $286.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $15M |
| Account Payables | $544.0K |
| Short-Term Debt | $5M |
| Deferred Revenue | $373.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $0 |
| Additional Paid-In Capital | $184M |
| Retained Earnings | -$186M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $44.0K |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $8M |
| Net Debt | $5M |
