| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $9M | $11M | -11.5% | -24.8% |
| Op. Income | -$14M | -$13M | -$8M | -6.7% | -80.9% |
| Gross Margin | 90.1% | 84.8% | 87.1% | 5.3pp | 3.0pp |
| Net Margin | -140.6% | -116.2% | -60.5% | -24.3pp | -80.1pp |
| EPS (Diluted) | $-0.11 | $-0.10 | $-0.06 | -10.0% | -74.1% |
| Free Cash Flow | -$9M | -$11M | -$9M | 15.6% | 4.7% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $793.0K |
| GROSS PROFIT | $7M |
| R&D Expenses | $6M |
| Selling & Marketing | $7M |
| General & Administrative | $7M |
| SG&A Expenses | $14M |
| Other Expenses | $1M |
| Operating Expenses | $21M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$14M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | -$800 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$298.0K |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$720.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$81M |
| Sales/Maturities of Investments | $84M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $37.0K |
| NET CASH FROM FINANCING | $37.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $141M |
| Net Receivables | $8M |
| Inventory | $13M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $214M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | $619.4K |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $267M |
| Account Payables | $446.6K |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $1M |
| Additional Paid-In Capital | $403M |
| Retained Earnings | -$171M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $233M |
| Minority Interest | $0 |
| TOTAL EQUITY | $233M |
| TOTAL LIABILITIES & EQUITY | $267M |
| Total Debt | $16M |
| Net Debt | -$33M |
