| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $2M | -4.0% | 1.7% |
| Op. Income | -$22M | -$18M | -$20M | -23.3% | -10.9% |
| Gross Margin | -67.0% | -65.5% | -59.8% | -1.6pp | -7.2pp |
| Net Margin | -863.4% | -672.5% | -784.5% | -190.9pp | -78.9pp |
| EPS (Diluted) | $-0.37 | $-0.31 | $-0.37 | -19.4% | 0.0% |
| Free Cash Flow | -$12M | -$10M | -$10M | -18.7% | -26.0% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $4M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $6M |
| Selling & Marketing | $1M |
| General & Administrative | $5M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$22M |
| Interest Income | $511.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $511.0K |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | -$79.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $3M |
| EBIT | -$15M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$95.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$936.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $29M |
| Net Receivables | $1M |
| Inventory | $203.0K |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $98M |
| PP&E (Net) | $48M |
| Goodwill | $0 |
| Intangible Assets | $83M |
| Long-Term Investments | $249.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $134M |
| TOTAL ASSETS | $231M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $517.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $560.0K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $165.0K |
| Additional Paid-In Capital | $512M |
| Retained Earnings | -$310M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$646.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $202M |
| Minority Interest | $0 |
| TOTAL EQUITY | $202M |
| TOTAL LIABILITIES & EQUITY | $231M |
| Total Debt | $6M |
| Net Debt | -$60M |
