| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $2M | $66M | 1997.3% | -31.5% |
| Op. Income | -$8M | -$12M | -$8M | 35.7% | -1.4% |
| Gross Margin | 4.3% | -60.2% | -0.3% | 64.5pp | 4.7pp |
| Net Margin | -56.0% | -1227.8% | -0.3% | 1171.8pp | -55.7pp |
| EPS (Diluted) | $-0.68 | $-0.73 | $-0.01 | 6.8% | -11233.3% |
| Free Cash Flow | -$5M | -$19M | -$11M | 74.0% | 56.9% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $2M |
| R&D Expenses | $37.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | -$37.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $2M |
| EBIT | -$9M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $963.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $545.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$884.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$753.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $7M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $170M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $192M |
| TOTAL ASSETS | $213M |
| Account Payables | $30M |
| Short-Term Debt | $63M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $205M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $136M |
| TOTAL NON-CURRENT LIABILITIES | $343M |
| TOTAL LIABILITIES | $452M |
| Common Stock | $38.0K |
| Additional Paid-In Capital | $247M |
| Retained Earnings | -$481M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$239M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$239M |
| TOTAL LIABILITIES & EQUITY | $213M |
| Total Debt | $270M |
| Net Debt | $267M |
