| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $5M | -6.7% | -45.2% |
| Op. Income | -$1M | -$1M | -$1M | -13.1% | -24.5% |
| Gross Margin | 1.0% | 22.5% | 29.9% | -21.5pp | -28.9pp |
| Net Margin | -61.7% | -56.0% | -36.8% | -5.7pp | -24.9pp |
| EPS (Diluted) | $-19.20 | $-19.50 | $-23.90 | 1.5% | 19.7% |
| Free Cash Flow | -$256.0K | -$456.0K | -$701.0K | 43.9% | 63.5% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $26.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $369.0K |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | -$135.0K |
| Operating Expenses | $1M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $326.0K |
| Other Income/Expenses | -$241.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $410.0K |
| EBIT | -$1M |
| EBITDA | -$907.0K |
| EPS | -$19 |
| EPS Diluted | -$19 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $410.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$111.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$211.0K |
| Capital Expenditure | -$45.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $146.0K |
| NET CASH FROM INVESTING | $101.0K |
| Net Debt Issuance | $31.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $651.0K |
| NET CASH FROM FINANCING | $682.0K |
| FREE CASH FLOW | -$256.0K |
| Net Change in Cash | $572.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $839.0K |
| Short-Term Investments | $0 |
| Net Receivables | $926.0K |
| Inventory | $4M |
| Other Current Assets | $768.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $256.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $20M |
| Account Payables | $2M |
| Short-Term Debt | $16M |
| Deferred Revenue | $154.0K |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $24M |
| Common Stock | $0 |
| Additional Paid-In Capital | $74M |
| Retained Earnings | -$78M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4M |
| TOTAL LIABILITIES & EQUITY | $20M |
| Total Debt | $19M |
| Net Debt | $18M |
