| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $19M | $11M | 14.5% | 98.2% |
| Op. Income | -$36M | -$123M | -$36M | 70.9% | 0.8% |
| Gross Margin | 13.9% | 1.0% | 33.2% | 13.0pp | -19.2pp |
| Net Margin | -158.1% | -632.8% | -321.2% | 474.7pp | 163.1pp |
| EPS (Diluted) | $-0.89 | $-3.19 | $-1.98 | 72.1% | 55.1% |
| Free Cash Flow | -$28M | -$34M | -$29M | 19.0% | 3.8% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $3M |
| R&D Expenses | $17M |
| Selling & Marketing | $8M |
| General & Administrative | $14M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $58M |
| OPERATING INCOME | -$36M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $657.0K |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $17.0K |
| NET INCOME | -$35M |
| D&A | $5M |
| EBIT | -$33M |
| EBITDA | -$28M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$660.0K |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | -$33M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $125M |
| Net Receivables | $15M |
| Inventory | $26M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $253M |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $69M |
| TOTAL ASSETS | $322M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $31M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $128M |
| Common Stock | $39.0K |
| Additional Paid-In Capital | $971M |
| Retained Earnings | -$777M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$380.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $194M |
| Minority Interest | $0 |
| TOTAL EQUITY | $194M |
| TOTAL LIABILITIES & EQUITY | $322M |
| Total Debt | $68M |
| Net Debt | -$8M |
