| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $5M | $3M | -23.2% | 16.2% |
| Op. Income | -$15M | -$23M | -$9M | 34.8% | -68.6% |
| Gross Margin | 84.5% | 86.0% | 76.6% | -1.5pp | 7.9pp |
| Net Margin | -429.3% | -491.4% | -287.3% | 62.1pp | -142.0pp |
| EPS (Diluted) | $-0.24 | $-0.36 | $-0.14 | 33.3% | -71.4% |
| Free Cash Flow | -$22M | -$6M | -$6M | -279.5% | -275.5% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $570.0K |
| GROSS PROFIT | $3M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$15M |
| Interest Income | $862.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$899.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $602.0K |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $514.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$631.0K |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$492.0K |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $83M |
| PP&E (Net) | $6M |
| Goodwill | $4M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $112M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $64M |
| Common Stock | $65.0K |
| Additional Paid-In Capital | $450M |
| Retained Earnings | -$402M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48M |
| Minority Interest | $0 |
| TOTAL EQUITY | $48M |
| TOTAL LIABILITIES & EQUITY | $112M |
| Total Debt | $4M |
| Net Debt | -$72M |
