| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $165M | $167M | — | -1.5% | — |
| Op. Income | -$59M | -$58M | — | -1.8% | — |
| Gross Margin | 67.2% | 70.6% | — | -3.5pp | — |
| Net Margin | -45.2% | -38.5% | — | -6.7pp | — |
| EPS (Diluted) | $-0.36 | $-0.35 | — | -1.6% | — |
| Free Cash Flow | $27M | -$30M | — | 190.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $111M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $126M |
| Other Expenses | $0 |
| Operating Expenses | $170M |
| Cost & Expenses | $224M |
| OPERATING INCOME | -$59M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$62M |
| Income Tax Expense | $844.0K |
| Net Income from Continuing Ops | -$63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$11M |
| NET INCOME | -$75M |
| Net Income Deductions | -$11M |
| BOTTOM LINE NET INCOME | -$63M |
| D&A | $0 |
| EBIT | -$58M |
| EBITDA | -$58M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$75M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $141M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$577.5K |
| NET CASH FROM FINANCING | -$577.5K |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $136M |
| Short-Term Investments | $160M |
| Net Receivables | $156M |
| Inventory | $10M |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $565M |
| PP&E (Net) | $83M |
| Goodwill | $4M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $117M |
| TOTAL NON-CURRENT ASSETS | $204M |
| TOTAL ASSETS | $769M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $427M |
| TOTAL CURRENT LIABILITIES | $435M |
| Long-Term Debt | $206M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $500M |
| TOTAL NON-CURRENT LIABILITIES | $706M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $242M |
| TOTAL STOCKHOLDERS' EQUITY | -$373M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$373M |
| TOTAL LIABILITIES & EQUITY | $769M |
| Total Debt | $206M |
| Net Debt | $71M |
