| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $62M | $63M | 9.1% | 7.3% |
| Op. Income | -$39M | -$45M | -$32M | 14.0% | -21.4% |
| Gross Margin | 22.1% | 23.5% | 13.4% | -1.4pp | 8.7pp |
| Net Margin | -60.0% | -74.0% | -54.9% | 14.0pp | -5.1pp |
| EPS (Diluted) | $-0.08 | $-0.10 | $-0.07 | 12.4% | -13.7% |
| Free Cash Flow | -$46M | -$17M | -$31M | -178.0% | -47.5% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $15M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $107M |
| OPERATING INCOME | -$39M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$357.0K |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $8M |
| EBIT | -$38M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $396.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | -$815.0K |
| Purchases of Investments | -$75M |
| Sales/Maturities of Investments | $65M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$88.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $948.0K |
| NET CASH FROM FINANCING | $860.0K |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $148M |
| Net Receivables | $52M |
| Inventory | $102M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $506M |
| PP&E (Net) | $196M |
| Goodwill | $71M |
| Intangible Assets | $70M |
| Long-Term Investments | $82M |
| Tax Assets | $3M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $444M |
| TOTAL ASSETS | $950M |
| Account Payables | $25M |
| Short-Term Debt | $105M |
| Deferred Revenue | $134M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $304M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $308.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $61M |
| TOTAL LIABILITIES | $365M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$573M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $586M |
| Minority Interest | $0 |
| TOTAL EQUITY | $586M |
| TOTAL LIABILITIES & EQUITY | $950M |
| Total Debt | $162M |
| Net Debt | $21M |
