| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $13M | $42M | -20.9% | -75.1% |
| Op. Income | -$36M | -$45M | -$25M | 21.0% | -42.3% |
| Gross Margin | 99.2% | 91.0% | 92.5% | 8.1pp | 6.7pp |
| Net Margin | 168.8% | 437.5% | -59.5% | -268.7pp | 228.3pp |
| EPS (Diluted) | $0.28 | $0.92 | $-0.40 | -69.6% | 170.0% |
| Free Cash Flow | -$36M | -$2M | -$10M | -1405.1% | -249.6% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $85.0K |
| GROSS PROFIT | $10M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $3M |
| Operating Expenses | $46M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$36M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $53M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $2M |
| EBIT | $18M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$44M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$499.0K |
| Acquisitions (Net) | $10.0K |
| Purchases of Investments | -$69M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $50M |
| NET CASH FROM FINANCING | $50M |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $167M |
| Net Receivables | $25M |
| Inventory | $1M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $291M |
| PP&E (Net) | $47M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $340M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $19M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $64M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $258.0K |
| TOTAL NON-CURRENT LIABILITIES | $95M |
| TOTAL LIABILITIES | $146M |
| Common Stock | $620.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $194M |
| Minority Interest | $0 |
| TOTAL EQUITY | $194M |
| TOTAL LIABILITIES & EQUITY | $340M |
| Total Debt | $34M |
| Net Debt | -$56M |
