| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $160M | $162M | 1.5% | -0.0% |
| Op. Income | -$43M | -$34M | -$16M | -27.2% | -173.9% |
| Gross Margin | 40.5% | 41.5% | 43.6% | -1.0pp | -3.1pp |
| Net Margin | -29.2% | -24.2% | 11.6% | -5.0pp | -40.7pp |
| EPS (Diluted) | $-0.68 | $-0.56 | $0.28 | -21.4% | -342.9% |
| Free Cash Flow | -$16M | -$26M | -$28M | 38.8% | 42.0% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $66M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $85M |
| Other Expenses | $0 |
| Operating Expenses | $108M |
| Cost & Expenses | $205M |
| OPERATING INCOME | -$43M |
| Interest Income | $613.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$47M |
| Income Tax Expense | $645.0K |
| Net Income from Continuing Ops | -$47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $13M |
| EBIT | -$36M |
| EBITDA | -$23M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$882.0K |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | -$1M |
| Other Investing Activities | -$504.0K |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$402.0K |
| NET CASH FROM FINANCING | -$402.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $80M |
| Net Receivables | $164M |
| Inventory | $197M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $583M |
| PP&E (Net) | $218M |
| Goodwill | $90M |
| Intangible Assets | $141M |
| Long-Term Investments | $130M |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $598M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $61M |
| Short-Term Debt | $0 |
| Deferred Revenue | $52M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $200M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $50M |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $299M |
| Common Stock | $194.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $883M |
| Minority Interest | $0 |
| TOTAL EQUITY | $883M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $19M |
| Net Debt | -$85M |
