| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $1M | $1M | 165.3% | 236.0% |
| Op. Income | -$43M | -$24M | -$29M | -75.6% | -48.8% |
| Gross Margin | -259.7% | -176.1% | -213.5% | -83.6pp | -46.3pp |
| Net Margin | -1237.7% | -1840.4% | -2862.3% | 602.8pp | 1624.6pp |
| EPS (Diluted) | $-0.45 | $-0.26 | $-0.32 | -73.1% | -40.6% |
| Free Cash Flow | -$19M | -$20M | -$26M | 4.5% | 26.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $12M |
| GROSS PROFIT | -$9M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $22M |
| Operating Expenses | $34M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$43M |
| Interest Income | $0 |
| Interest Expense | $256.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $11.0K |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $3M |
| EBIT | -$22M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$256.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $94M |
| Other Investing Activities | $65.0K |
| NET CASH FROM INVESTING | $70M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $64M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $148M |
| PP&E (Net) | $53M |
| Goodwill | $0 |
| Intangible Assets | $50M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $106M |
| TOTAL ASSETS | $254M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $223.0K |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $576M |
| Retained Earnings | -$361M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$146.0K |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $215M |
| Minority Interest | $0 |
| TOTAL EQUITY | $215M |
| TOTAL LIABILITIES & EQUITY | $254M |
| Total Debt | $19M |
| Net Debt | -$42M |
