| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $52M | $26M | 26.6% | 158.7% |
| Op. Income | -$28M | -$906.0K | -$6M | -3027.5% | -411.1% |
| Gross Margin | 61.2% | 70.0% | 70.5% | -8.8pp | -9.3pp |
| Net Margin | -38.3% | -1.9% | -28.9% | -36.4pp | -9.4pp |
| EPS (Diluted) | $-0.78 | $-0.03 | $-0.25 | -2432.5% | -212.0% |
| Free Cash Flow | -$115M | -$7M | -$17M | -1495.3% | -565.8% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $41M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$28M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $2M |
| EBIT | -$23M |
| EBITDA | -$21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$108M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$150M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$115M |
| Net Change in Cash | -$155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $427M |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $39M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $537M |
| PP&E (Net) | $138M |
| Goodwill | $12M |
| Intangible Assets | $2M |
| Long-Term Investments | $500.0K |
| Tax Assets | -$500.0K |
| Other Non-Current Assets | $560.0K |
| TOTAL NON-CURRENT ASSETS | $153M |
| TOTAL ASSETS | $689M |
| Account Payables | $13M |
| Short-Term Debt | $2M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $505M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $514M |
| TOTAL LIABILITIES | $563M |
| Common Stock | $634M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$508M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$262.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $126M |
| Minority Interest | $0 |
| TOTAL EQUITY | $126M |
| TOTAL LIABILITIES & EQUITY | $689M |
| Total Debt | $516M |
| Net Debt | $89M |
