| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | $60M | — | 6.0% | — |
| Op. Income | -$23M | -$26M | — | 10.7% | — |
| Gross Margin | 29.3% | 34.5% | — | -5.2pp | — |
| Net Margin | -36.8% | -55.5% | — | 18.7pp | — |
| EPS (Diluted) | $-0.74 | $-1.10 | — | 32.7% | — |
| Free Cash Flow | -$4M | $35.2K | — | -12733.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $22M |
| SG&A Expenses | $27M |
| Other Expenses | -$1M |
| Operating Expenses | $38M |
| Cost & Expenses | $83M |
| OPERATING INCOME | -$23M |
| Interest Income | $1M |
| Interest Expense | $668.3K |
| Other Income/Expenses | $4.2K |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $5M |
| EBIT | -$23M |
| EBITDA | -$17M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $439.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $11M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $246M |
| Goodwill | $0 |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $278M |
| TOTAL ASSETS | $381M |
| Account Payables | $30M |
| Short-Term Debt | $96M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $218M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $688.1K |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $184M |
| TOTAL LIABILITIES | $402M |
| Common Stock | $1.5K |
| Additional Paid-In Capital | $263M |
| Retained Earnings | -$284M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$215.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$21M |
| Minority Interest | $563.0K |
| TOTAL EQUITY | -$21M |
| TOTAL LIABILITIES & EQUITY | $381M |
| Total Debt | $299M |
| Net Debt | $231M |
