| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $3M | 2.6% | -38.5% |
| Op. Income | -$2M | -$2M | -$658.0K | 7.8% | -161.1% |
| Gross Margin | 33.3% | 37.2% | 62.4% | -3.9pp | -29.0pp |
| Net Margin | -84.0% | -102.5% | -53.7% | 18.5pp | -30.3pp |
| EPS (Diluted) | $-8.30 | $-11.00 | $-10.10 | 24.5% | 17.8% |
| Free Cash Flow | -$1M | -$2M | -$2M | 27.8% | 50.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $632.0K |
| R&D Expenses | $669.0K |
| Selling & Marketing | $712.0K |
| General & Administrative | $969.0K |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$2M |
| Interest Income | $296.0K |
| Interest Expense | $171.0K |
| Other Income/Expenses | $125.0K |
| 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 | $6.0K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $6.0K |
| Stock-Based Compensation | $97.0K |
| Deferred Income Tax | -$402.0K |
| Other Non-Cash Items | $210.0K |
| Change in Working Capital | $448.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$197.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$281.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $809.0K |
| Net Receivables | $2M |
| Inventory | $2M |
| Other Current Assets | $924.0K |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $534.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $14M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $493.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $38M |
| Retained Earnings | -$37M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $104.0K |
| TOTAL STOCKHOLDERS' EQUITY | $1M |
| Minority Interest | $0 |
| TOTAL EQUITY | $1M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $6M |
| Net Debt | $3M |
