| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $237.1K | $280.3K | $189.2K | -15.4% | 25.4% |
| Op. Income | -$712.0K | -$2M | -$2M | 55.0% | 69.4% |
| Gross Margin | 26.1% | 33.3% | 100.0% | -7.2pp | -73.9pp |
| Net Margin | -295.0% | -562.8% | -1227.6% | 267.8pp | 932.6pp |
| EPS (Diluted) | $-0.28 | $-0.69 | $-1.27 | 59.4% | 78.0% |
| Free Cash Flow | -$1M | -$922.2K | -$3M | -18.5% | 61.5% |
| Item | Amount |
|---|---|
| REVENUE | $237.1K |
| Cost of Revenue | $175.3K |
| GROSS PROFIT | $61.8K |
| R&D Expenses | $261.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $512.1K |
| Other Expenses | $0 |
| Operating Expenses | $773.8K |
| Cost & Expenses | $949.1K |
| OPERATING INCOME | -$712.0K |
| Interest Income | $12.5K |
| Interest Expense | $0 |
| Other Income/Expenses | $12.5K |
| INCOME BEFORE TAX | -$699.5K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$699.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$699.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$699.5K |
| D&A | $175.3K |
| EBIT | -$699.5K |
| EBITDA | -$524.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$699.5K |
| Depreciation & Amortization | $175.3K |
| Stock-Based Compensation | -$77.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10.7K |
| Change in Working Capital | -$435.4K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$65.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$65.7K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $105.0K |
| Inventory | $0 |
| Other Current Assets | $261.2K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $77.4K |
| Goodwill | $0 |
| Intangible Assets | $892.2K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $969.6K |
| TOTAL ASSETS | $8M |
| Account Payables | $112.9K |
| Short-Term Debt | $0 |
| Deferred Revenue | $276.7K |
| Other Current Liabilities | $22.0K |
| TOTAL CURRENT LIABILITIES | $447.8K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $447.8K |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $39M |
| Retained Earnings | -$32M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8M |
| Minority Interest | $0 |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $0 |
| Net Debt | -$7M |
