| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $28M | $23M | -5.0% | 13.6% |
| Op. Income | -$7M | -$2M | -$11M | -279.9% | 39.2% |
| Gross Margin | 65.8% | 65.2% | 53.2% | 0.6pp | 12.6pp |
| Net Margin | -25.5% | -2.5% | -49.9% | -22.9pp | 24.5pp |
| EPS (Diluted) | $-2.15 | $-0.28 | $-8.74 | -667.9% | 75.4% |
| Free Cash Flow | -$2M | -$9M | -$9M | 73.3% | 72.3% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $17M |
| R&D Expenses | $2M |
| Selling & Marketing | $11M |
| General & Administrative | $8M |
| SG&A Expenses | $19M |
| Other Expenses | $4M |
| Operating Expenses | $24M |
| Cost & Expenses | $33M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $175.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $2M |
| EBIT | -$4M |
| EBITDA | -$2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$5.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5.0K |
| Net Debt Issuance | -$632.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $13M |
| Other Current Assets | $624.0K |
| TOTAL CURRENT ASSETS | $71M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $65M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $821.0K |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $141M |
| Account Payables | $11M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $0 |
| Additional Paid-In Capital | $340M |
| Retained Earnings | -$294M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $141M |
| Total Debt | $25M |
| Net Debt | $5M |
