| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $335.9K | $419.4K | — | -19.9% | — |
| Op. Income | -$2M | -$2M | — | 3.7% | — |
| Gross Margin | 11.6% | 0.4% | — | 11.2pp | — |
| Net Margin | -511.0% | -475.7% | — | -35.4pp | — |
| EPS (Diluted) | $-0.36 | $-0.42 | — | 14.3% | — |
| Free Cash Flow | -$1M | -$1M | — | -24.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $335.9K |
| Cost of Revenue | $296.8K |
| GROSS PROFIT | $39.1K |
| R&D Expenses | $513.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $57.5K |
| Interest Expense | $7.1K |
| Other Income/Expenses | $50.4K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $40.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $40.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $62.4K |
| Change in Working Capital | $207.6K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$4.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $80.7K |
| Net Debt Issuance | -$15.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15.6K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $224.0K |
| Inventory | $73.7K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $525.3K |
| Long-Term Investments | $2.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $322.4K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $9M |
| Account Payables | $419.0K |
| Short-Term Debt | $174.2K |
| Deferred Revenue | $353.8K |
| Other Current Liabilities | $165.5K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$922.4K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $2M |
| Common Stock | $47.7K |
| Additional Paid-In Capital | $28M |
| Retained Earnings | -$21M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $2M |
| Net Debt | -$4M |
