| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $12M | $16M | 18.2% | -9.5% |
| Op. Income | -$9M | -$11M | -$7M | 16.9% | -27.0% |
| Gross Margin | 55.0% | 47.9% | 59.1% | 7.1pp | -4.1pp |
| Net Margin | -49.6% | -77.3% | -39.6% | 27.7pp | -10.0pp |
| EPS (Diluted) | $-0.22 | $-0.29 | $-0.20 | 24.1% | -10.0% |
| Free Cash Flow | -$5M | -$8M | -$6M | 41.4% | 15.4% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $8M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $11M |
| Operating Expenses | $17M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$9M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$87.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $740.0K |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $740.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$117.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$853.0K |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$207.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$263.0K |
| NET CASH FROM FINANCING | -$248.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $30M |
| Net Receivables | $13M |
| Inventory | $16M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $180M |
| PP&E (Net) | $10M |
| Goodwill | $10M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $208M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $332M |
| Retained Earnings | -$163M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $988.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $170M |
| Minority Interest | $0 |
| TOTAL EQUITY | $170M |
| TOTAL LIABILITIES & EQUITY | $208M |
| Total Debt | $6M |
| Net Debt | -$112M |
