| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $3M | $3M | 25.5% | 30.7% |
| Op. Income | -$4M | -$5M | -$10M | 12.2% | 59.9% |
| Gross Margin | 72.0% | 72.8% | 49.5% | -0.8pp | 22.5pp |
| Net Margin | -172.8% | -228.2% | -449.0% | 55.5pp | 276.2pp |
| EPS (Diluted) | $-1.76 | $-1.38 | $-3.15 | -27.5% | 44.1% |
| Free Cash Flow | -$2M | -$5M | -$9M | 63.8% | 77.9% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $3M |
| R&D Expenses | $2M |
| Selling & Marketing | $822.0K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $2M |
| EBIT | -$4M |
| EBITDA | -$2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $797.0K |
| Deferred Income Tax | $62.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $743.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$73.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$73.0K |
| Net Debt Issuance | -$377.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$867.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $563.0K |
| Inventory | $6M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $2M |
| Goodwill | $6M |
| Intangible Assets | $210.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $186.0K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $21M |
| Account Payables | $1M |
| Short-Term Debt | $61.0K |
| Deferred Revenue | $300.0K |
| Other Current Liabilities | $682.0K |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $25M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $460M |
| Retained Earnings | -$464M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $21M |
| Total Debt | $14M |
| Net Debt | $11M |
