| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $35M | $37M | 21.0% | 15.1% |
| Op. Income | -$56M | -$61M | -$46M | 8.1% | -21.7% |
| Gross Margin | 55.5% | 39.2% | 46.5% | 16.3pp | 9.0pp |
| Net Margin | -145.7% | 12.2% | -107.8% | -157.9pp | -37.9pp |
| EPS (Diluted) | $-0.86 | $0.06 | $-0.56 | -1608.8% | -53.6% |
| Free Cash Flow | -$55M | -$21M | -$33M | -162.9% | -64.4% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $24M |
| R&D Expenses | $47M |
| Selling & Marketing | $9M |
| General & Administrative | $24M |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $99M |
| OPERATING INCOME | -$56M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$65M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$62M |
| D&A | $1M |
| EBIT | -$56M |
| EBITDA | -$55M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$62M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$50M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$99M |
| Sales/Maturities of Investments | $117M |
| Other Investing Activities | $19.0K |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | -$5.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $249M |
| Short-Term Investments | $247M |
| Net Receivables | $32M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $548M |
| PP&E (Net) | $142M |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $92M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $246M |
| TOTAL ASSETS | $794M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $43M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $105M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $707.0K |
| TOTAL NON-CURRENT LIABILITIES | $126M |
| TOTAL LIABILITIES | $231M |
| Common Stock | $720.0K |
| Additional Paid-In Capital | $871M |
| Retained Earnings | -$308M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$491.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $564M |
| Minority Interest | $0 |
| TOTAL EQUITY | $564M |
| TOTAL LIABILITIES & EQUITY | $794M |
| Total Debt | $129M |
| Net Debt | -$120M |
