| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $15M | $12M | -0.7% | 26.0% |
| Op. Income | -$19M | -$21M | -$22M | 6.6% | 10.8% |
| Gross Margin | 90.9% | 91.4% | 91.0% | -0.5pp | -0.2pp |
| Net Margin | -3.4% | -136.2% | -202.2% | 132.8pp | 198.7pp |
| EPS (Diluted) | $-0.25 | $-0.26 | $-0.31 | 3.8% | 19.4% |
| Free Cash Flow | -$13M | -$22M | -$14M | 40.3% | 5.6% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $14M |
| R&D Expenses | $15M |
| Selling & Marketing | $1M |
| General & Administrative | $17M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $34M |
| OPERATING INCOME | -$19M |
| Interest Income | $1M |
| Interest Expense | $3M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | -$516.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$516.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$516.0K |
| Net Income Deductions | $21M |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $890.0K |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$516.0K |
| Depreciation & Amortization | $890.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$24M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$259.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$259.0K |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $82M |
| NET CASH FROM FINANCING | $57M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $2M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $141M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $162M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $317.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $74M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $119M |
| TOTAL LIABILITIES | $155M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $676M |
| Retained Earnings | -$668M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8M |
| Minority Interest | $0 |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $162M |
| Total Debt | $83M |
| Net Debt | -$28M |
