| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $4M | $5M | 44.2% | 6.0% |
| Op. Income | -$33M | -$29M | -$23M | -13.8% | -43.6% |
| Gross Margin | 100.0% | 8.3% | 57.9% | 91.7pp | 42.1pp |
| Net Margin | -868.1% | -835.6% | -774.2% | -32.4pp | -93.9pp |
| EPS (Diluted) | $-0.74 | $-0.53 | $-1.16 | -39.6% | 36.2% |
| Free Cash Flow | -$28M | -$34M | -$31M | 17.7% | 9.0% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $5M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $38M |
| OPERATING INCOME | -$33M |
| Interest Income | $523.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $3M |
| EBIT | -$41M |
| EBITDA | -$37M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$288.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$116.0K |
| NET CASH FROM FINANCING | -$404.0K |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $7M |
| Other Current Assets | $758.0K |
| TOTAL CURRENT ASSETS | $104M |
| PP&E (Net) | $153M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $164M |
| TOTAL ASSETS | $267M |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $64M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $184.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $112M |
| TOTAL LIABILITIES | $175M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $659M |
| Retained Earnings | -$574M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $92M |
| Minority Interest | $0 |
| TOTAL EQUITY | $92M |
| TOTAL LIABILITIES & EQUITY | $267M |
| Total Debt | $90M |
| Net Debt | $27M |
