| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $28M | $73M | 28.1% | -51.4% |
| Op. Income | -$25M | -$32M | $4M | 22.3% | -812.8% |
| Gross Margin | 56.1% | 55.7% | 64.7% | 0.4pp | -8.6pp |
| Net Margin | -51.0% | -93.5% | 7.9% | 42.5pp | -58.9pp |
| EPS (Diluted) | $-0.81 | $-1.17 | $0.26 | 30.8% | -411.5% |
| Free Cash Flow | -$15M | -$9M | -$11M | -68.1% | -36.2% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $20M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $61M |
| OPERATING INCOME | -$25M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $49.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $4M |
| EBIT | -$25M |
| EBITDA | -$21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$35M |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $521.0K |
| Purchases of Investments | -$389M |
| Sales/Maturities of Investments | $389M |
| Other Investing Activities | -$521.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $885.0K |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $551M |
| Net Receivables | $25M |
| Inventory | $65M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $667M |
| PP&E (Net) | $65M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $81M |
| TOTAL ASSETS | $748M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $779M |
| Retained Earnings | -$68M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $710M |
| Minority Interest | $0 |
| TOTAL EQUITY | $710M |
| TOTAL LIABILITIES & EQUITY | $748M |
| Total Debt | $9M |
| Net Debt | -$8M |
