| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $5M | — | 4.1% | — |
| Op. Income | -$3M | -$2M | — | -42.1% | — |
| Gross Margin | -26.5% | -32.3% | — | 5.9pp | — |
| Net Margin | -49.6% | -136.1% | — | 86.5pp | — |
| EPS (Diluted) | $-18.18 | $-1.39 | — | -1207.9% | — |
| Free Cash Flow | -$631.0K | $2M | — | -135.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $7M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $659.3K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | -$659.3K |
| Operating Expenses | $1M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $178.0K |
| Other Income/Expenses | -$2.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $4M |
| EBIT | -$3M |
| EBITDA | $1M |
| EPS | -$18 |
| EPS Diluted | -$18 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $869.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$360.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$39.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6.0K |
| NET CASH FROM FINANCING | -$45.0K |
| FREE CASH FLOW | -$631.0K |
| Net Change in Cash | -$53.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $252.8K |
| Inventory | $0 |
| Other Current Assets | $722.8K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $33.6K |
| Goodwill | $2M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $6M |
| Account Payables | $2M |
| Short-Term Debt | $8M |
| Deferred Revenue | $313.1K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $15M |
| Common Stock | $700 |
| Additional Paid-In Capital | $163M |
| Retained Earnings | -$173M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $337.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$8M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$8M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $10M |
| Net Debt | $9M |
