| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $164.1K | $185.0K | $150.4K | -11.3% | 9.1% |
| Op. Income | -$513.8K | -$525.3K | -$486.2K | 2.2% | -5.7% |
| Gross Margin | -230.6% | -205.2% | -224.0% | -25.4pp | -6.6pp |
| Net Margin | -287.7% | -266.8% | -321.5% | -20.9pp | 33.9pp |
| EPS (Diluted) | $-0.01 | $-0.01 | $-0.02 | 4.1% | 6.6% |
| Free Cash Flow | -$523.4K | -$626.4K | -$535.9K | 16.4% | 2.3% |
| Item | Amount |
|---|---|
| REVENUE | $164.1K |
| Cost of Revenue | $542.6K |
| GROSS PROFIT | -$378.5K |
| R&D Expenses | $135.3K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $135.3K |
| Cost & Expenses | $678.0K |
| OPERATING INCOME | -$513.8K |
| Interest Income | $41.6K |
| Interest Expense | $0 |
| Other Income/Expenses | $41.6K |
| INCOME BEFORE TAX | -$472.2K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$472.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$472.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$472.2K |
| D&A | $6.8K |
| EBIT | -$513.8K |
| EBITDA | -$507.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$472.2K |
| Depreciation & Amortization | $42.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $69.6K |
| Change in Working Capital | -$163.4K |
| OPERATING CASH FLOW | -$523.4K |
| Capital Expenditure | $39 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$523.4K |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $525.0K |
| Short-Term Investments | $2M |
| Net Receivables | $721.2K |
| Inventory | $0 |
| Other Current Assets | $164.6K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $260.6K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $56.1K |
| TOTAL NON-CURRENT ASSETS | $316.7K |
| TOTAL ASSETS | $4M |
| Account Payables | $32.1K |
| Short-Term Debt | $0 |
| Deferred Revenue | $3.7K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $264.2K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $110.0K |
| TOTAL LIABILITIES | $374.2K |
| Common Stock | $3.4K |
| Additional Paid-In Capital | $128M |
| Retained Earnings | -$124M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $317.8K |
| Net Debt | -$207.2K |
