| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $15M | — | -46.6% | — |
| Op. Income | -$13M | -$9M | — | -34.4% | — |
| Gross Margin | -13.1% | 32.7% | — | -45.9pp | — |
| Net Margin | -237.6% | 63.8% | — | -301.4pp | — |
| EPS (Diluted) | $-0.22 | $-0.07 | — | -201.8% | — |
| Free Cash Flow | -$15M | -$4M | — | -234.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $9M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $205.0K |
| Selling & Marketing | $2M |
| General & Administrative | $9M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$13M |
| Interest Income | $4M |
| Interest Expense | $900.0K |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $3M |
| EBIT | -$20M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $874.0K |
| Deferred Income Tax | -$377.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$54.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$677.0K |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27.0K |
| NET CASH FROM FINANCING | -$673.0K |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $355M |
| Short-Term Investments | $90M |
| Net Receivables | $6M |
| Inventory | $14M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $486M |
| PP&E (Net) | $4M |
| Goodwill | $8M |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $535M |
| Account Payables | $6M |
| Short-Term Debt | $60M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $78M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $535.0K |
| Deferred Tax Liabilities | $125.0K |
| Other Non-Current Liabilities | $120M |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $199M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $739M |
| Retained Earnings | -$316M |
| Treasury Stock | -$98M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $324M |
| Minority Interest | $11M |
| TOTAL EQUITY | $335M |
| TOTAL LIABILITIES & EQUITY | $535M |
| Total Debt | $63M |
| Net Debt | -$293M |
