| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $8M | $8M | -12.5% | -10.8% |
| Op. Income | -$960.2K | -$556.5K | -$457.0K | -72.6% | -110.1% |
| Gross Margin | 34.2% | 38.1% | 36.5% | -3.8pp | -2.3pp |
| Net Margin | -15.7% | -8.2% | -6.0% | -7.5pp | -9.7pp |
| EPS (Diluted) | $-0.03 | $-0.03 | $-0.02 | 0.0% | -50.0% |
| Free Cash Flow | -$2M | -$504.5K | $334.5K | -312.8% | -722.6% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $3M |
| R&D Expenses | $513.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3M |
| Operating Expenses | $3M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$960.2K |
| Interest Income | $0 |
| Interest Expense | $77.1K |
| Other Income/Expenses | -$137.8K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $65.3K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $778.7K |
| EBIT | -$1M |
| EBITDA | -$240.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $778.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $7.0K |
| Other Non-Cash Items | $348.3K |
| Change in Working Capital | -$139.6K |
| OPERATING CASH FLOW | -$168.9K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $65.5K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $8M |
| Other Current Assets | $508.1K |
| TOTAL CURRENT ASSETS | $23M |
| PP&E (Net) | $22M |
| Goodwill | $6M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $191.1K |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $55M |
| Account Payables | $3M |
| Short-Term Debt | $849.3K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $528.4K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $372.3K |
| Additional Paid-In Capital | $243M |
| Retained Earnings | -$207M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $977.0K |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | $37M |
| Minority Interest | $0 |
| TOTAL EQUITY | $37M |
| TOTAL LIABILITIES & EQUITY | $55M |
| Total Debt | $12M |
| Net Debt | $2M |
