| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | $131M | $120M | 9.7% | 19.7% |
| Op. Income | -$9M | -$20M | -$15M | 54.6% | 40.7% |
| Gross Margin | 55.9% | 57.8% | 58.2% | -1.9pp | -2.3pp |
| Net Margin | -7.4% | -11.7% | 5.4% | 4.4pp | -12.8pp |
| EPS (Diluted) | $-0.07 | $-0.09 | $-0.06 | 21.6% | -10.4% |
| Free Cash Flow | -$12M | -$22M | -$49M | 48.1% | 76.7% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $74M |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $89M |
| Cost & Expenses | $153M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| 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 | $3M |
| EBIT | -$9M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $138.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$157.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $742.0K |
| NET CASH FROM FINANCING | $585.0K |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $169M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $161M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $357M |
| PP&E (Net) | $80M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $88M |
| TOTAL ASSETS | $445M |
| Account Payables | $45M |
| Short-Term Debt | $5M |
| Deferred Revenue | $29M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $77M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $133M |
| TOTAL LIABILITIES | $245M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $474M |
| Retained Earnings | -$274M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $200M |
| Minority Interest | $0 |
| TOTAL EQUITY | $200M |
| TOTAL LIABILITIES & EQUITY | $445M |
| Total Debt | $133M |
| Net Debt | -$35M |
