| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $3M | -11.6% | 1.4% |
| Op. Income | -$2M | -$731.0K | -$958.0K | -150.9% | -91.4% |
| Gross Margin | 28.2% | 46.1% | 41.5% | -17.9pp | -13.2pp |
| Net Margin | -65.9% | -30.5% | -32.5% | -35.3pp | -33.3pp |
| EPS (Diluted) | $-6.24 | $-3.28 | $-3.06 | -90.3% | -103.6% |
| Free Cash Flow | -$379.0K | -$2M | -$327.0K | 79.6% | -15.9% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $831.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$2M |
| Interest Income | $1.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$71.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $34.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $32.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $32.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $241.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$348.0K |
| Capital Expenditure | -$31.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $65.0K |
| NET CASH FROM INVESTING | $34.0K |
| Net Debt Issuance | -$229.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$318.0K |
| FREE CASH FLOW | -$379.0K |
| Net Change in Cash | -$717.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $785.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $822.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $14M |
| Account Payables | $1M |
| Short-Term Debt | $276.0K |
| Deferred Revenue | $155.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $15.0K |
| Deferred Revenue NC | $128.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $198M |
| Retained Earnings | -$188M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $486.0K |
| Net Debt | -$2M |
