| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $13M | $4M | 36.9% | 379.3% |
| Op. Income | -$4M | -$4M | -$3M | 7.8% | -25.7% |
| Gross Margin | 2.8% | 0.0% | -8.8% | 2.8pp | 11.6pp |
| Net Margin | -19.8% | -29.4% | -75.4% | 9.6pp | 55.6pp |
| EPS (Diluted) | $-0.32 | $-0.38 | $-0.28 | 15.8% | -14.3% |
| Free Cash Flow | -$5M | -$949.0K | -$6M | -396.7% | 16.6% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $501.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $1.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$4M |
| Interest Income | $24.0K |
| Interest Expense | $2.0K |
| Other Income/Expenses | $23.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $12.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $359.0K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $359.0K |
| Stock-Based Compensation | $703.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $273.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$271.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$64.0K |
| NET CASH FROM INVESTING | -$271.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $26.0K |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $12M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $49M |
| PP&E (Net) | $3M |
| Goodwill | $5M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62.0K |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $67M |
| Account Payables | $7M |
| Short-Term Debt | $37.0K |
| Deferred Revenue | $796.0K |
| Other Current Liabilities | $279.0K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $181.0K |
| Deferred Revenue NC | $286.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $138M |
| Retained Earnings | -$85M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $53M |
| Minority Interest | $0 |
| TOTAL EQUITY | $53M |
| TOTAL LIABILITIES & EQUITY | $67M |
| Total Debt | $2M |
| Net Debt | -$22M |
