| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $46M | $65M | -15.7% | -40.6% |
| Op. Income | -$6M | -$3M | $4M | -109.1% | -253.4% |
| Gross Margin | 92.1% | 92.4% | 90.3% | -0.3pp | 1.8pp |
| Net Margin | 0.4% | 3.3% | 5.0% | -2.9pp | -4.7pp |
| EPS (Diluted) | $0.00 | $0.03 | $0.06 | -90.9% | -95.8% |
| Free Cash Flow | -$2M | -$13M | $13M | 84.4% | -116.3% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $36M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $380.0K |
| Operating Expenses | $42M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$6M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$120.0K |
| Income Tax Expense | -$257.0K |
| Net Income from Continuing Ops | $137.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137.0K |
| D&A | $580.0K |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $137.0K |
| Depreciation & Amortization | $580.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$24.0K |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $82M |
| Other Investing Activities | $35M |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $183M |
| Short-Term Investments | $307M |
| Net Receivables | $29M |
| Inventory | $1M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $537M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $68M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $105M |
| TOTAL ASSETS | $642M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $99M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $697M |
| Retained Earnings | -$153M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$967.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $543M |
| Minority Interest | $0 |
| TOTAL EQUITY | $543M |
| TOTAL LIABILITIES & EQUITY | $642M |
| Total Debt | $10M |
| Net Debt | -$173M |
