| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $5M | $11M | 251.2% | 51.7% |
| Op. Income | -$13M | -$20M | -$31M | 38.4% | 59.5% |
| Gross Margin | 11.9% | -78.4% | -97.7% | 90.2pp | 109.6pp |
| Net Margin | -84.5% | -496.0% | -181.3% | 411.5pp | 96.8pp |
| EPS (Diluted) | $-2.40 | $-4.14 | $-2.65 | 42.0% | 9.4% |
| Free Cash Flow | -$8M | -$16M | -$32M | 46.7% | 73.8% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $2M |
| R&D Expenses | $5M |
| Selling & Marketing | $2M |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $2M |
| EBIT | -$13M |
| EBITDA | -$11M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $526.0K |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | $190.0K |
| Acquisitions (Net) | $798.0K |
| Purchases of Investments | -$798.0K |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $798.0K |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$612.0K |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $49M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $91M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $114M |
| Account Payables | $2M |
| Short-Term Debt | $10M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $197M |
| Retained Earnings | -$139M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58M |
| Minority Interest | $0 |
| TOTAL EQUITY | $58M |
| TOTAL LIABILITIES & EQUITY | $114M |
| Total Debt | $40M |
| Net Debt | $18M |
