| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | $92M | $76M | -13.0% | 5.6% |
| Op. Income | $6M | $9M | $14M | -26.8% | -54.1% |
| Gross Margin | 79.2% | 76.6% | 79.5% | 2.6pp | -0.3pp |
| Net Margin | 6.0% | 6.6% | 13.5% | -0.6pp | -7.5pp |
| EPS (Diluted) | $0.10 | $0.12 | $0.21 | -18.7% | -53.5% |
| Free Cash Flow | -$15M | -$9M | $18M | -62.7% | -185.0% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $64M |
| R&D Expenses | $11M |
| Selling & Marketing | $27M |
| General & Administrative | $19M |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $74M |
| OPERATING INCOME | $6M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $451.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| 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 | $1M |
| EBIT | $6M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $64M |
| R&D Expenses | $11M |
| Selling & Marketing | $27M |
| General & Administrative | $19M |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $74M |
| OPERATING INCOME | $6M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $451.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| 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 | $1M |
| EBIT | $6M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$10.0K |
| Other Non-Cash Items | $914.0K |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$41M |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $41M |
| NET CASH FROM INVESTING | $32M |
| Net Debt Issuance | -$39.0K |
| Common Stock Repurchased | -$112.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $61M |
| Net Receivables | $115M |
| Inventory | $31M |
| Other Current Assets | $932.0K |
| TOTAL CURRENT ASSETS | $347M |
| PP&E (Net) | $98M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $14M |
| Tax Assets | $9M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $124M |
| TOTAL ASSETS | $472M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $57M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $93M |
| Common Stock | $488.0K |
| Additional Paid-In Capital | $436M |
| Retained Earnings | -$55M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $379M |
| Minority Interest | $0 |
| TOTAL EQUITY | $379M |
| TOTAL LIABILITIES & EQUITY | $472M |
| Total Debt | $36M |
| Net Debt | -$92M |
