| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $12M | $9M | 16.1% | 50.1% |
| Op. Income | -$9M | -$11M | -$6M | 16.7% | -61.9% |
| Gross Margin | 84.5% | 81.2% | 83.2% | 3.3pp | 1.3pp |
| Net Margin | -63.8% | -88.4% | -61.5% | 24.5pp | -2.4pp |
| EPS (Diluted) | $-0.53 | $-0.62 | $-0.35 | 14.5% | -51.4% |
| Free Cash Flow | -$9M | -$9M | -$3M | -0.9% | -226.9% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $12M |
| R&D Expenses | $4M |
| Selling & Marketing | $11M |
| General & Administrative | $6M |
| SG&A Expenses | $17M |
| Other Expenses | -$212.0K |
| Operating Expenses | $21M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$9M |
| Interest Income | $15.6K |
| Interest Expense | $0 |
| Other Income/Expenses | $605.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $11.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| NET INCOME | -$9M |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $164.0K |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $164.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $53.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$512.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$10.0K |
| NET CASH FROM INVESTING | $22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $600.0K |
| NET CASH FROM FINANCING | $600.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $9M |
| Net Receivables | $8M |
| Inventory | $4M |
| Other Current Assets | $56.0K |
| TOTAL CURRENT ASSETS | $74M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $459.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $81M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $104.0K |
| Other Current Liabilities | $666.0K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $365.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $347M |
| Retained Earnings | -$291M |
| Accum. Other Comp. Income | $8M |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | $63M |
| Minority Interest | $0 |
| TOTAL EQUITY | $63M |
| TOTAL LIABILITIES & EQUITY | $81M |
| Total Debt | $3M |
| Net Debt | -$48M |
