| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $398.0K | $335.0K | $182.0K | 18.8% | 118.7% |
| Op. Income | -$11M | -$13M | -$2M | 18.5% | -524.5% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -2674.1% | -3939.1% | -976.4% | 1265.0pp | -1697.7pp |
| EPS (Diluted) | $-0.56 | $-0.71 | $-0.67 | 21.1% | 16.4% |
| Free Cash Flow | -$14M | -$16M | -$3M | 16.1% | -363.9% |
| Item | Amount |
|---|---|
| REVENUE | $398.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $398.0K |
| R&D Expenses | $980.0K |
| Selling & Marketing | $1M |
| General & Administrative | $11M |
| SG&A Expenses | $13M |
| Other Expenses | -$3M |
| Operating Expenses | $11M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$11M |
| Interest Income | $244.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $232.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $215.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $372.0K |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $372.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $203.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $146.0K |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$509.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $0 |
| Net Receivables | $300.0K |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $81M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $159M |
| Long-Term Investments | $393.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $175M |
| TOTAL ASSETS | $256M |
| Account Payables | $5M |
| Short-Term Debt | $2M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $51M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $553.0K |
| TOTAL NON-CURRENT LIABILITIES | $60M |
| TOTAL LIABILITIES | $90M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $508M |
| Retained Earnings | -$342M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $166M |
| Minority Interest | $0 |
| TOTAL EQUITY | $166M |
| TOTAL LIABILITIES & EQUITY | $256M |
| Total Debt | $5M |
| Net Debt | -$65M |
