| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $7M | $7M | 16.8% | 29.9% |
| Op. Income | -$38M | -$38M | -$32M | 0.1% | -17.9% |
| Gross Margin | 26.6% | 27.9% | 22.1% | -1.3pp | 4.6pp |
| Net Margin | -449.2% | -500.7% | -482.1% | 51.4pp | 32.9pp |
| EPS (Diluted) | $-4447.20 | $-4428.00 | $-4054.20 | -0.4% | -9.7% |
| Free Cash Flow | -$37M | -$33M | -$29M | -13.5% | -29.2% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $2M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$38M |
| Interest Income | $689.0K |
| Interest Expense | $74.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $33.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $3M |
| EBIT | -$39M |
| EBITDA | -$36M |
| EPS | -$4.4K |
| EPS Diluted | -$4.4K |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$37M |
| Capital Expenditure | -$511.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $96.0K |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | -$12.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$365.0K |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $62M |
| Net Receivables | $8M |
| Inventory | $32M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $123M |
| PP&E (Net) | $31M |
| Goodwill | $77M |
| Intangible Assets | $38M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $149M |
| TOTAL ASSETS | $271M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $995.0K |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $186.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $640M |
| Retained Earnings | -$425M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$310.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $215M |
| Minority Interest | $0 |
| TOTAL EQUITY | $215M |
| TOTAL LIABILITIES & EQUITY | $271M |
| Total Debt | $11M |
| Net Debt | -$4M |
