| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $129M | $131M | -18.3% | -19.0% |
| Op. Income | -$34M | -$20M | -$40M | -67.4% | 15.7% |
| Gross Margin | 71.4% | 74.7% | 68.9% | -3.3pp | 2.5pp |
| Net Margin | -27.4% | -12.9% | -24.0% | -14.5pp | -3.3pp |
| EPS (Diluted) | $-0.26 | $-0.14 | $-0.27 | -82.8% | 3.2% |
| Free Cash Flow | $4M | $4M | $4M | 5.4% | 15.4% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $76M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $106M |
| Other Expenses | $0 |
| Operating Expenses | $110M |
| Cost & Expenses | $140M |
| OPERATING INCOME | -$34M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $96.3K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $2M |
| EBIT | -$28M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $116M |
| Short-Term Investments | $208M |
| Net Receivables | $31M |
| Inventory | $57M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $462M |
| PP&E (Net) | $25M |
| Goodwill | $130M |
| Intangible Assets | $98M |
| Long-Term Investments | $89M |
| Tax Assets | $194.8K |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $351M |
| TOTAL ASSETS | $813M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $109M |
| Common Stock | $25.3K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$123M |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $650M |
| Minority Interest | $55M |
| TOTAL EQUITY | $705M |
| TOTAL LIABILITIES & EQUITY | $813M |
| Total Debt | $15M |
| Net Debt | -$101M |
