| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $7M | $10M | -49.3% | -65.2% |
| Op. Income | $5M | -$34M | -$22M | 114.1% | 122.3% |
| Gross Margin | 36.8% | 62.1% | 73.6% | -25.3pp | -36.8pp |
| Net Margin | 189.0% | -513.0% | -231.2% | 702.0pp | 420.1pp |
| EPS (Diluted) | $-0.75 | $-4.18 | $-2.77 | 81.9% | 72.8% |
| Free Cash Flow | -$18M | -$26M | -$14M | 28.2% | -30.7% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $16M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $648.9K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $57.6K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$6M |
| NET INCOME | $6M |
| Net Income Deductions | -$6M |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $70.8K |
| EBIT | -$12M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $16M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $648.9K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $57.6K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$6M |
| NET INCOME | $6M |
| Net Income Deductions | -$6M |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $70.8K |
| EBIT | -$12M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $70.8K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$27.6K |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$25.7K |
| Acquisitions (Net) | $6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $203.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $6M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $43M |
| PP&E (Net) | $6M |
| Goodwill | $7M |
| Intangible Assets | $23.8K |
| Long-Term Investments | $4M |
| Tax Assets | $13M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $75M |
| Account Payables | $18M |
| Short-Term Debt | $1M |
| Deferred Revenue | $6.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | -$309.5K |
| Deferred Tax Liabilities | $309.5K |
| Other Non-Current Liabilities | $40.1K |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $914.2K |
| Additional Paid-In Capital | $277M |
| Retained Earnings | -$235M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$581.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34M |
| Minority Interest | $0 |
| TOTAL EQUITY | $34M |
| TOTAL LIABILITIES & EQUITY | $75M |
| Total Debt | $15M |
| Net Debt | -$1M |
