| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | $60M | $56M | 5.9% | 13.6% |
| Op. Income | -$61M | -$62M | -$61M | 1.4% | 0.6% |
| Gross Margin | 34.4% | 30.8% | 44.8% | 3.6pp | -10.5pp |
| Net Margin | -90.0% | -98.3% | -107.8% | 8.3pp | 17.8pp |
| EPS (Diluted) | $-1.01 | $-1.04 | $-1.08 | 2.9% | 6.5% |
| Free Cash Flow | -$28M | -$53M | -$75M | 47.7% | 62.7% |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $22M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $12M |
| Operating Expenses | $83M |
| Cost & Expenses | $125M |
| OPERATING INCOME | -$61M |
| Interest Income | $4M |
| Interest Expense | $1.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | $622.0K |
| Net Income from Continuing Ops | -$57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$57M |
| D&A | $8M |
| EBIT | -$57M |
| EBITDA | -$48M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$739.0K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $31M |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $353.0K |
| NET CASH FROM FINANCING | -$661.0K |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $307M |
| Short-Term Investments | $50M |
| Net Receivables | $43M |
| Inventory | $36M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $446M |
| PP&E (Net) | $213M |
| Goodwill | $86M |
| Intangible Assets | $56M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $365M |
| TOTAL ASSETS | $810M |
| Account Payables | $12M |
| Short-Term Debt | $13M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60.0K |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$987M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$635.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $658M |
| Minority Interest | $0 |
| TOTAL EQUITY | $658M |
| TOTAL LIABILITIES & EQUITY | $810M |
| Total Debt | $93M |
| Net Debt | -$214M |
