| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $55M | $54M | $50M | 2.1% | 9.6% |
| Op. Income | -$5M | -$10M | -$21M | 49.9% | 76.3% |
| Gross Margin | 80.7% | 76.6% | 72.5% | 4.1pp | 8.2pp |
| Net Margin | -8.8% | -17.3% | -42.0% | 8.5pp | 33.1pp |
| EPS (Diluted) | $-0.06 | $-0.12 | $-0.28 | 48.4% | 77.9% |
| Free Cash Flow | -$5M | -$3M | -$29M | -78.7% | 83.3% |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $44M |
| R&D Expenses | $14M |
| Selling & Marketing | $24M |
| General & Administrative | $11M |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $60M |
| OPERATING INCOME | -$5M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $3M |
| EBIT | -$5M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $903.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$143.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$126.0K |
| NET CASH FROM INVESTING | -$188.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $295.0K |
| NET CASH FROM FINANCING | $295.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $0 |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $128M |
| PP&E (Net) | $66M |
| Goodwill | $13M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $91M |
| TOTAL ASSETS | $218M |
| Account Payables | $11M |
| Short-Term Debt | $25M |
| Deferred Revenue | $90M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $170M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $394.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $206M |
| Common Stock | $214.0K |
| Additional Paid-In Capital | $362M |
| Retained Earnings | -$350M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$732.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12M |
| Minority Interest | $0 |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $218M |
| Total Debt | $66M |
| Net Debt | -$2M |
