| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162.0K | $317.0K | $39.0K | -48.9% | 315.4% |
| Op. Income | -$50M | -$44M | -$23M | -12.2% | -114.9% |
| Gross Margin | 95.7% | 97.5% | 100.0% | -1.8pp | -4.3pp |
| Net Margin | -31188.3% | -14165.3% | -59966.7% | -17023.0pp | 28778.4pp |
| EPS (Diluted) | $-0.21 | $-0.22 | $-0.14 | 4.5% | -50.0% |
| Free Cash Flow | -$42M | -$38M | -$19M | -9.0% | -114.5% |
| Item | Amount |
|---|---|
| REVENUE | $162.0K |
| Cost of Revenue | $7.0K |
| GROSS PROFIT | $155.0K |
| R&D Expenses | $18M |
| Selling & Marketing | $30M |
| General & Administrative | $3M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$50M |
| Interest Income | $3M |
| Interest Expense | $4M |
| Other Income/Expenses | -$894.0K |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $151.0K |
| EBIT | -$47M |
| EBITDA | -$46M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $151.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$83.0K |
| Acquisitions (Net) | $39M |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | -$39M |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | $1.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$210.0K |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$81M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $197M |
| Net Receivables | $318.0K |
| Inventory | $336.0K |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $223M |
| PP&E (Net) | $8M |
| Goodwill | $45M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $743.0K |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $276M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $99M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $105M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $245.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.7B |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$113.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $140M |
| Minority Interest | $0 |
| TOTAL EQUITY | $140M |
| TOTAL LIABILITIES & EQUITY | $276M |
| Total Debt | $106M |
| Net Debt | $85M |
