| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $5M | $632.5K | -51.3% | 321.4% |
| Op. Income | -$6M | -$8M | -$14M | 30.2% | 56.2% |
| Gross Margin | 20.8% | 56.2% | 63.2% | -35.3pp | -42.3pp |
| Net Margin | -273.6% | -163.8% | -2146.8% | -109.8pp | 1873.2pp |
| EPS (Diluted) | $-0.15 | $-0.18 | $-0.32 | 16.7% | 53.1% |
| Free Cash Flow | -$6M | -$9M | -$12M | 30.7% | 46.9% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $554.9K |
| R&D Expenses | $3M |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$6M |
| Interest Income | $379 |
| Interest Expense | $894.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $1M |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $934.2K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$29.8K |
| Acquisitions (Net) | -$8.1K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$50.5K |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $189.8K |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $3M |
| Other Current Assets | $397.9K |
| TOTAL CURRENT ASSETS | $30M |
| PP&E (Net) | $8M |
| Goodwill | $28M |
| Intangible Assets | $32M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $651.7K |
| TOTAL NON-CURRENT ASSETS | $70M |
| TOTAL ASSETS | $101M |
| Account Payables | $5M |
| Short-Term Debt | $26M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $812.3K |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $55M |
| Common Stock | $5.5K |
| Additional Paid-In Capital | $229M |
| Retained Earnings | -$184M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $45M |
| Minority Interest | $0 |
| TOTAL EQUITY | $45M |
| TOTAL LIABILITIES & EQUITY | $101M |
| Total Debt | $34M |
| Net Debt | $13M |
