| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70M | $54M | $78M | 29.7% | -9.8% |
| Op. Income | -$30M | -$36M | -$29M | 17.0% | -1.0% |
| Gross Margin | 42.8% | 40.1% | 36.1% | 2.6pp | 6.7pp |
| Net Margin | -41.1% | -64.7% | -37.6% | 23.6pp | -3.5pp |
| EPS (Diluted) | $-3.84 | $-4.69 | $-3.95 | 18.1% | 2.8% |
| Free Cash Flow | -$4M | -$24M | -$32M | 84.4% | 88.4% |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $30M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $46M |
| SG&A Expenses | $59M |
| Other Expenses | $1M |
| Operating Expenses | $60M |
| Cost & Expenses | $100M |
| OPERATING INCOME | -$30M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $963.0K |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $276.0K |
| 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 | $5M |
| EBIT | -$29M |
| EBITDA | -$24M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $828.0K |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $166.0K |
| Other Investing Activities | $494.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$88.0K |
| NET CASH FROM FINANCING | $251.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $93M |
| Other Current Assets | $592.0K |
| TOTAL CURRENT ASSETS | $253M |
| PP&E (Net) | $146M |
| Goodwill | $0 |
| Intangible Assets | $107.0K |
| Long-Term Investments | $2M |
| Tax Assets | $1M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $153M |
| TOTAL ASSETS | $406M |
| Account Payables | $10M |
| Short-Term Debt | $14M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $142M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $571M |
| Retained Earnings | -$303M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $264M |
| Minority Interest | $0 |
| TOTAL EQUITY | $264M |
| TOTAL LIABILITIES & EQUITY | $406M |
| Total Debt | $111M |
| Net Debt | -$30M |
