| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $68M | $56M | 7.7% | 30.7% |
| Op. Income | -$40M | -$46M | -$36M | 14.1% | -11.4% |
| Gross Margin | 62.6% | 59.6% | 62.3% | 3.0pp | 0.3pp |
| Net Margin | -54.9% | -68.8% | -65.0% | 13.9pp | 10.1pp |
| EPS (Diluted) | $-0.76 | $-0.89 | $-0.71 | 14.6% | -7.0% |
| Free Cash Flow | -$27M | -$26M | -$39M | -6.9% | 29.6% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $46M |
| R&D Expenses | $23M |
| Selling & Marketing | $37M |
| General & Administrative | $20M |
| SG&A Expenses | $56M |
| Other Expenses | $7M |
| Operating Expenses | $86M |
| Cost & Expenses | $113M |
| OPERATING INCOME | -$40M |
| Interest Income | $517.0K |
| Interest Expense | $456.0K |
| Other Income/Expenses | -$150.0K |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $206.0K |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $8M |
| EBIT | -$40M |
| EBITDA | -$32M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $75.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $967.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $210M |
| Short-Term Investments | $0 |
| Net Receivables | $44M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $287M |
| PP&E (Net) | $27M |
| Goodwill | $34M |
| Intangible Assets | $44M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $110M |
| TOTAL ASSETS | $397M |
| Account Payables | $11M |
| Short-Term Debt | $5M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $1.0K |
| Deferred Tax Liabilities | $45.0K |
| Other Non-Current Liabilities | -$461.0K |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $77M |
| Common Stock | $534.0K |
| Additional Paid-In Capital | $912M |
| Retained Earnings | -$568M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $320M |
| Minority Interest | $0 |
| TOTAL EQUITY | $320M |
| TOTAL LIABILITIES & EQUITY | $397M |
| Total Debt | $11M |
| Net Debt | -$199M |
