| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $4M | $5M | 47.8% | 31.9% |
| Op. Income | -$19M | -$20M | -$18M | 4.3% | -8.3% |
| Gross Margin | 19.2% | 10.1% | 16.4% | 9.1pp | 2.9pp |
| Net Margin | -395.3% | -495.0% | -1306.6% | 99.7pp | 911.3pp |
| EPS (Diluted) | $-0.81 | $-0.80 | $-2.60 | -1.7% | 68.7% |
| Free Cash Flow | -$17M | -$18M | -$15M | 3.3% | -18.9% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $1M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$19M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $0 |
| NET INCOME | -$24M |
| D&A | $187.0K |
| EBIT | -$22M |
| EBITDA | -$21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $187.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$625.0K |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$123.0K |
| Acquisitions (Net) | $123.0K |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | -$123.0K |
| NET CASH FROM INVESTING | $28M |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$244.0K |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $70M |
| Net Receivables | $5M |
| Inventory | $10M |
| Other Current Assets | $46.0K |
| TOTAL CURRENT ASSETS | $146M |
| PP&E (Net) | $934.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $154M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $85M |
| TOTAL LIABILITIES | $102M |
| Common Stock | $528.0K |
| Additional Paid-In Capital | $904M |
| Retained Earnings | -$852M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$59.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $52M |
| Minority Interest | $0 |
| TOTAL EQUITY | $52M |
| TOTAL LIABILITIES & EQUITY | $154M |
| Total Debt | $47M |
| Net Debt | -$9M |
