| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $15M | $19M | 19.5% | -3.8% |
| Op. Income | -$31M | -$35M | -$48M | 10.8% | 35.5% |
| Gross Margin | 59.1% | 58.7% | 55.0% | 0.3pp | 4.1pp |
| Net Margin | -155.1% | -216.7% | -186.3% | 61.6pp | 31.2pp |
| EPS (Diluted) | $-0.14 | $-0.17 | $-0.18 | 17.6% | 22.2% |
| Free Cash Flow | -$27M | -$45M | -$51M | 38.6% | 46.4% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $11M |
| R&D Expenses | $16M |
| Selling & Marketing | $10M |
| General & Administrative | $17M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$31M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$6.0K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $2M |
| EBIT | -$29M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$563.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$881.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$881.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $136.0K |
| NET CASH FROM FINANCING | $136.0K |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $87M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $292M |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $73M |
| TOTAL ASSETS | $365M |
| Account Payables | $8M |
| Short-Term Debt | $2M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $87M |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $936M |
| Retained Earnings | -$658M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $278M |
| Minority Interest | $0 |
| TOTAL EQUITY | $278M |
| TOTAL LIABILITIES & EQUITY | $365M |
| Total Debt | $31M |
| Net Debt | -$136M |
