| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | — | $16M | — | -20.2% |
| Op. Income | -$13M | — | -$4M | — | -209.7% |
| Gross Margin | 76.9% | — | 78.5% | — | -1.6pp |
| Net Margin | -169.7% | — | -33.3% | — | -136.5pp |
| EPS (Diluted) | $-20.95 | — | $-0.11 | — | -18945.5% |
| Free Cash Flow | -$20M | — | -$13M | — | -53.9% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $10M |
| R&D Expenses | $7M |
| Selling & Marketing | $10M |
| General & Administrative | $6M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $22.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $154.0K |
| EBIT | -$19M |
| EBITDA | -$19M |
| EPS | -$21 |
| EPS Diluted | -$21 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $154.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$408.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $792.0K |
| Net Debt Issuance | $18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $5M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $37M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $368.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $52M |
| Account Payables | $15M |
| Short-Term Debt | $55M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $50M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $162M |
| Common Stock | $51.0K |
| Additional Paid-In Capital | $4M |
| Retained Earnings | -$172M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$110M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$110M |
| TOTAL LIABILITIES & EQUITY | $52M |
| Total Debt | $78M |
| Net Debt | $73M |
