| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $4M | $86M | -50.1% | -97.8% |
| Op. Income | -$5M | -$10M | $7M | 53.4% | -163.7% |
| Gross Margin | 77.6% | -120.3% | 22.1% | 197.9pp | 55.5pp |
| Net Margin | -460.5% | -257.0% | 8.9% | -203.5pp | -469.4pp |
| EPS (Diluted) | $-0.14 | $-0.18 | $0.14 | 19.2% | -199.0% |
| Free Cash Flow | -$9M | -$9M | $0 | 1.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $427.4K |
| GROSS PROFIT | $1M |
| R&D Expenses | $4M |
| Selling & Marketing | $426.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$5M |
| Interest Income | $60.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $317.1K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$1.3K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $129.0K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $274.7K |
| Stock-Based Compensation | $42.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $345.1K |
| Net Receivables | $254.1K |
| Inventory | $2M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $51M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $54M |
| Common Stock | $12.7K |
| Additional Paid-In Capital | $63M |
| Retained Earnings | -$65M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $329.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2M |
| Minority Interest | -$223.3K |
| TOTAL EQUITY | -$2M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $22M |
| Net Debt | $15M |
