| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | $49M | $33M | 5.4% | 56.1% |
| Op. Income | $5M | $2M | -$10M | 196.2% | 153.0% |
| Gross Margin | 72.2% | 70.7% | 46.8% | 1.5pp | 25.4pp |
| Net Margin | 3.4% | -10.8% | -44.0% | 14.2pp | 47.3pp |
| EPS (Diluted) | $0.01 | $-0.02 | $-0.08 | 132.3% | 108.4% |
| Free Cash Flow | -$3M | -$14M | -$28M | 80.9% | 90.4% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $37M |
| R&D Expenses | $10M |
| Selling & Marketing | $13M |
| General & Administrative | $11M |
| SG&A Expenses | $24M |
| Other Expenses | -$2M |
| Operating Expenses | $32M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $5M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $37M |
| R&D Expenses | $10M |
| Selling & Marketing | $13M |
| General & Administrative | $11M |
| SG&A Expenses | $24M |
| Other Expenses | -$2M |
| Operating Expenses | $32M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $5M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | $382.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$283.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $83M |
| Short-Term Investments | $58M |
| Net Receivables | $22M |
| Inventory | $27M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $226M |
| PP&E (Net) | $80M |
| Goodwill | $2M |
| Intangible Assets | $1M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $95M |
| TOTAL ASSETS | $320M |
| Account Payables | $17M |
| Short-Term Debt | $20M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $253M |
| Deferred Revenue NC | $69M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $149M |
| TOTAL NON-CURRENT LIABILITIES | $476M |
| TOTAL LIABILITIES | $572M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $443.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$252M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$252M |
| TOTAL LIABILITIES & EQUITY | $320M |
| Total Debt | $278M |
| Net Debt | $195M |
