| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $13M | — | -36.7% | — |
| Op. Income | -$6M | -$5M | — | -39.1% | — |
| Gross Margin | 27.8% | 48.8% | — | -21.0pp | — |
| Net Margin | -61.5% | -26.0% | — | -35.4pp | — |
| EPS (Diluted) | $-3.00 | $-2.00 | — | -50.0% | — |
| Free Cash Flow | -$5M | -$8M | $2M | 30.1% | -356.1% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $2M |
| R&D Expenses | $428.0K |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $132.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$6M |
| Interest Income | $1.0K |
| Interest Expense | $275.0K |
| Other Income/Expenses | -$307.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $2M |
| EBIT | -$7M |
| EBITDA | -$5M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $857.0K |
| Deferred Income Tax | $157.0K |
| Other Non-Cash Items | $53.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$668.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $332.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$3M |
