| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $15M | $7M | -26.5% | 55.1% |
| Op. Income | -$26M | -$23M | -$30M | -10.2% | 14.4% |
| Gross Margin | 94.3% | 89.7% | 82.4% | 4.6pp | 11.9pp |
| Net Margin | -207.4% | -141.9% | -419.8% | -65.6pp | 212.4pp |
| EPS (Diluted) | $-0.23 | $-0.23 | $-0.32 | 0.0% | 28.1% |
| Free Cash Flow | -$31M | -$25M | -$23M | -23.9% | -36.1% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $613.0K |
| GROSS PROFIT | $10M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $36M |
| OPERATING INCOME | -$26M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $23.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $613.0K |
| EBIT | -$22M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $613.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$16.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$156M |
| Sales/Maturities of Investments | $100M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $441.0K |
| NET CASH FROM FINANCING | $80M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $301M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $371M |
| PP&E (Net) | $55M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $57M |
| TOTAL ASSETS | $428M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $27M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $71M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $108M |
| TOTAL LIABILITIES | $152M |
| Common Stock | $102.0K |
| Additional Paid-In Capital | $618M |
| Retained Earnings | -$340M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$681.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $277M |
| Minority Interest | $0 |
| TOTAL EQUITY | $277M |
| TOTAL LIABILITIES & EQUITY | $428M |
| Total Debt | $40M |
| Net Debt | -$19M |
