| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $11M | $5M | 9.1% | 151.6% |
| Op. Income | -$22M | -$18M | -$11M | -24.7% | -105.9% |
| Gross Margin | -117.1% | -100.1% | 90.0% | -17.0pp | -207.1pp |
| Net Margin | -160.3% | -114.7% | -211.3% | -45.6pp | 51.0pp |
| EPS (Diluted) | $-0.53 | $-0.35 | $-0.28 | -52.6% | -91.3% |
| Free Cash Flow | -$26M | -$29M | -$18M | 11.1% | -42.6% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $27M |
| GROSS PROFIT | -$14M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | -$27M |
| Operating Expenses | $8M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$22M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $1M |
| EBIT | -$22M |
| EBITDA | -$21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $76M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $191M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $300M |
| PP&E (Net) | $66M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $86M |
| TOTAL ASSETS | $386M |
| Account Payables | $5M |
| Short-Term Debt | $2M |
| Deferred Revenue | $49M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $86M |
| TOTAL LIABILITIES | $155M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$126M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $232M |
| Minority Interest | $0 |
| TOTAL EQUITY | $232M |
| TOTAL LIABILITIES & EQUITY | $386M |
| Total Debt | $48M |
| Net Debt | -$54M |
