| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $7M | $14M | -30.4% | -67.3% |
| Op. Income | -$18M | -$17M | -$14M | -5.6% | -30.3% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -367.5% | -244.3% | -99.7% | -123.2pp | -267.9pp |
| EPS (Diluted) | $-0.10 | $-0.10 | $-0.10 | -4.5% | -4.2% |
| Free Cash Flow | -$20M | -$27M | -$21M | 25.5% | 0.4% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $5M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$636.0K |
| Operating Expenses | $23M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$18M |
| Interest Income | $1M |
| Interest Expense | $171.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $342.0K |
| EBIT | -$17M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $342.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$859.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $125M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $159M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.0K |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $177M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $42M |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $77M |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$49M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $135M |
| Minority Interest | $0 |
| TOTAL EQUITY | $135M |
| TOTAL LIABILITIES & EQUITY | $177M |
| Total Debt | $11M |
| Net Debt | -$16M |
