| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $567.5K | $2M | $18M | -68.4% | -96.8% |
| Op. Income | -$6M | -$4M | -$7M | -36.6% | 15.3% |
| Gross Margin | 8.3% | 55.1% | 46.2% | -46.8pp | -37.9pp |
| Net Margin | -2386.4% | 42.4% | -203.4% | -2428.8pp | -2183.0pp |
| EPS (Diluted) | $-24.00 | $3.00 | $-282.00 | -900.0% | 91.5% |
| Free Cash Flow | -$9M | -$11M | -$6M | 14.8% | -49.2% |
| Item | Amount |
|---|---|
| REVENUE | $567.5K |
| Cost of Revenue | $520.5K |
| GROSS PROFIT | $47.0K |
| R&D Expenses | $598.5K |
| Selling & Marketing | $3M |
| General & Administrative | $3M |
| SG&A Expenses | $6M |
| Other Expenses | -$535.5K |
| Operating Expenses | $6M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$6M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $383.2K |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$24 |
| EPS Diluted | -$24 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $202.5K |
| Stock-Based Compensation | $399.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$2.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7.5K |
| NET CASH FROM INVESTING | $5.5K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $4M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $147.0K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $23M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $540.0K |
| TOTAL NON-CURRENT LIABILITIES | $995.0K |
| TOTAL LIABILITIES | $21M |
| Common Stock | $21M |
| Additional Paid-In Capital | $388M |
| Retained Earnings | -$408M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $1M |
| Net Debt | -$4M |
