| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $14M | $11M | 3.8% | 34.9% |
| Op. Income | -$10M | -$10M | -$9M | 1.7% | -7.3% |
| Gross Margin | 69.0% | 70.4% | 65.6% | -1.4pp | 3.4pp |
| Net Margin | -72.8% | -74.4% | -96.0% | 1.7pp | 23.2pp |
| EPS (Diluted) | $-0.45 | $-0.46 | $-0.71 | 2.2% | 36.6% |
| Free Cash Flow | -$7M | -$11M | -$8M | 37.8% | 10.5% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $10M |
| R&D Expenses | $2M |
| Selling & Marketing | $14M |
| General & Administrative | $4M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$776.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $218.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $218.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $242.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$134.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$134.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $84.0K |
| NET CASH FROM FINANCING | $71.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $14M |
| Other Current Assets | $1 |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $87M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $338M |
| Retained Earnings | -$308M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $135.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31M |
| Minority Interest | $0 |
| TOTAL EQUITY | $31M |
| TOTAL LIABILITIES & EQUITY | $87M |
| Total Debt | $42M |
| Net Debt | -$16M |
