| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $7M | $7M | -21.1% | -20.7% |
| Op. Income | -$20M | -$19M | -$15M | -5.1% | -34.3% |
| Gross Margin | 11.6% | 30.0% | 34.8% | -18.5pp | -23.3pp |
| Net Margin | -287.3% | -212.0% | -182.3% | -75.3pp | -105.1pp |
| EPS (Diluted) | $-0.16 | $-0.15 | $-0.02 | -6.7% | -611.1% |
| Free Cash Flow | -$7M | -$11M | -$8M | 38.3% | 17.9% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $633.0K |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$20M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $5M |
| EBIT | -$19M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$843.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$490.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | -$840.0K |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18.0K |
| NET CASH FROM FINANCING | $171.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $259.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $75M |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $107M |
| PP&E (Net) | $39M |
| Goodwill | $84M |
| Intangible Assets | $159M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $285M |
| TOTAL ASSETS | $392M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $67M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $350M |
| Retained Earnings | -$25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$49.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $325M |
| Minority Interest | $0 |
| TOTAL EQUITY | $325M |
| TOTAL LIABILITIES & EQUITY | $392M |
| Total Debt | $26M |
| Net Debt | $5M |
