| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | -8.3% | 14.3% |
| Op. Income | -$822.6K | -$950.8K | -$1M | 13.5% | 45.1% |
| Gross Margin | -10.8% | 11.3% | 2.2% | -22.0pp | -13.0pp |
| Net Margin | -43.7% | -46.1% | -86.1% | 2.5pp | 42.4pp |
| EPS (Diluted) | $-0.17 | $-0.20 | $-0.04 | 15.0% | -352.1% |
| Free Cash Flow | -$1M | -$881.3K | -$3M | -20.4% | 59.5% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$217.9K |
| R&D Expenses | $0 |
| Selling & Marketing | $34.1K |
| General & Administrative | $477.7K |
| SG&A Expenses | $511.8K |
| Other Expenses | $92.9K |
| Operating Expenses | $604.7K |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$822.6K |
| Interest Income | $0 |
| Interest Expense | $48.0K |
| Other Income/Expenses | -$40.3K |
| INCOME BEFORE TAX | -$862.9K |
| Income Tax Expense | $22.1K |
| Net Income from Continuing Ops | -$884.9K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$884.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$884.9K |
| D&A | $144.7K |
| EBIT | -$814.8K |
| EBITDA | -$670.1K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$884.9K |
| Depreciation & Amortization | $144.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$22.8K |
| OPERATING CASH FLOW | -$763.1K |
| Capital Expenditure | -$298.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$298.3K |
| Net Debt Issuance | $236.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $236.3K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$825.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $60.5K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $873.1K |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $13M |
| Account Payables | $666.6K |
| Short-Term Debt | $958.3K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $1.3K |
| Additional Paid-In Capital | $12M |
| Retained Earnings | -$9M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $10M |
| Net Debt | $7M |
