| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $9M | $7M | 6.5% | 34.5% |
| Op. Income | -$10M | -$10M | -$48M | 4.6% | 79.4% |
| Gross Margin | 52.6% | 51.8% | 46.1% | 0.9pp | 6.6pp |
| Net Margin | -115.9% | -129.8% | -708.7% | 13.9pp | 592.8pp |
| EPS (Diluted) | $-0.16 | $-0.18 | $-0.90 | 11.1% | 82.2% |
| Free Cash Flow | -$8M | -$10M | -$8M | 21.2% | 3.4% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $5M |
| R&D Expenses | $4M |
| Selling & Marketing | $1M |
| General & Administrative | $7M |
| SG&A Expenses | $8M |
| Other Expenses | $2M |
| Operating Expenses | $15M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $906.0K |
| Other Income/Expenses | -$763.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $2M |
| EBIT | -$10M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $51.0K |
| Other Non-Cash Items | $738.0K |
| Change in Working Capital | -$741.0K |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$454.0K |
| Acquisitions (Net) | $95.0K |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$305.0K |
| Common Stock Repurchased | -$16.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $3M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $26M |
| Goodwill | $21M |
| Intangible Assets | $18M |
| Long-Term Investments | $567.0K |
| Tax Assets | -$567.0K |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $68M |
| TOTAL ASSETS | $88M |
| Account Payables | $6M |
| Short-Term Debt | $1M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $325.0K |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $52.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $231M |
| Retained Earnings | -$187M |
| Treasury Stock | -$522.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44M |
| Minority Interest | $0 |
| TOTAL EQUITY | $44M |
| TOTAL LIABILITIES & EQUITY | $88M |
| Total Debt | $27M |
| Net Debt | $20M |
