| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $6M | $4M | -3.9% | 40.4% |
| Op. Income | -$18M | -$20M | -$15M | 8.7% | -18.7% |
| Gross Margin | -111.2% | -125.3% | 86.0% | 14.0pp | -197.3pp |
| Net Margin | -273.6% | -289.8% | -341.0% | 16.2pp | 67.4pp |
| EPS (Diluted) | $-0.60 | $-0.67 | $-0.68 | 10.4% | 11.8% |
| Free Cash Flow | -$13M | -$17M | -$8M | 25.2% | -57.3% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $13M |
| GROSS PROFIT | -$7M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | -$12M |
| Operating Expenses | $11M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$18M |
| Interest Income | $2M |
| Interest Expense | $58.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $44.0K |
| EBIT | -$18M |
| EBITDA | -$18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $44.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $8.0K |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$27M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$75.0K |
| NET CASH FROM FINANCING | -$75.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $641.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $51M |
| Net Receivables | $6M |
| Inventory | $4M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $133M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $140M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $946.0K |
| TOTAL LIABILITIES | $21M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $371M |
| Retained Earnings | -$253M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $140M |
| Total Debt | $1M |
| Net Debt | -$67M |
