| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $17M | -22.0% | -91.8% |
| Op. Income | -$21M | -$21M | -$8M | 0.9% | -175.0% |
| Gross Margin | -11.5% | 4.0% | 15.1% | -15.4pp | -26.5pp |
| Net Margin | -1435.5% | -1149.9% | 522.5% | -285.5pp | -1958.0pp |
| EPS (Diluted) | $-0.08 | $-0.08 | $0.44 | 2.7% | -118.3% |
| Free Cash Flow | -$17M | -$16M | -$25M | -8.7% | 32.1% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$158.0K |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$21M |
| Interest Income | $856.0K |
| Interest Expense | $1.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$6.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $2M |
| EBIT | -$20M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$13.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $117.0K |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$236.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $64M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $93M |
| PP&E (Net) | $14M |
| Goodwill | $37M |
| Intangible Assets | $40M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $930.0K |
| TOTAL NON-CURRENT ASSETS | $98M |
| TOTAL ASSETS | $191M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $509.0K |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $43M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $148M |
| Minority Interest | $0 |
| TOTAL EQUITY | $148M |
| TOTAL LIABILITIES & EQUITY | $191M |
| Total Debt | $7M |
| Net Debt | -$3M |
