| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $12M | $13M | 1.1% | -6.2% |
| Op. Income | -$616.0K | -$848.4K | -$6M | 27.4% | 89.0% |
| Gross Margin | 70.4% | 74.6% | 62.8% | -4.2pp | 7.6pp |
| Net Margin | -58.7% | -62.5% | -115.9% | 3.8pp | 57.1pp |
| EPS (Diluted) | $-0.28 | $-0.29 | $-0.58 | 5.0% | 51.9% |
| Free Cash Flow | -$3M | -$2M | -$5M | -65.2% | 44.6% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $8M |
| R&D Expenses | $2M |
| Selling & Marketing | $697.2K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $3M |
| Operating Expenses | $9M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$616.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$89.9K |
| 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 | $2M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $587.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$373.4K |
| NET CASH FROM INVESTING | -$373.4K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | -$240.4K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $925.9K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $68M |
| PP&E (Net) | $793.6K |
| Goodwill | $28M |
| Intangible Assets | $28M |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $75M |
| TOTAL ASSETS | $143M |
| Account Payables | $0 |
| Short-Term Debt | $34M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $27M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $822.9K |
| Other Non-Current Liabilities | $51.9K |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $81M |
| Common Stock | $285M |
| Additional Paid-In Capital | $26M |
| Retained Earnings | -$249M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $336.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $62M |
| Minority Interest | $0 |
| TOTAL EQUITY | $62M |
| TOTAL LIABILITIES & EQUITY | $143M |
| Total Debt | $63M |
| Net Debt | $50M |
