Q3 2023 Earnings

Reported October 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$124M	$114M	—	8.9%	—
Op. Income	-$53M	-$46M	—	-16.3%	—
Gross Margin	56.4%	58.6%	—	-2.1pp	—
Net Margin	-53.4%	-53.6%	—	0.2pp	—
EPS (Diluted)	$-0.73	$-0.68	—	-7.4%	—

Income Statement

Item	Amount
REVENUE	$124M
Cost of Revenue	$54M
GROSS PROFIT	$70M
R&D Expenses	$41M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$81M
Other Expenses	$0
Operating Expenses	$123M
Cost & Expenses	$177M
OPERATING INCOME	-$53M
Interest Income	$532.0K
Interest Expense	$19M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	-$73M
Income Tax Expense	-$6M
Net Income from Continuing Ops	-$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$66M
D&A	$0
EBIT	-$54M
EBITDA	-$54M
EPS	-$1
EPS Diluted	-$1