| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | $9M | 10.6% | -12.2% |
| Op. Income | -$955.0K | -$857.0K | $1M | -11.4% | -188.1% |
| Gross Margin | 86.7% | 92.4% | 91.4% | -5.7pp | -4.7pp |
| Net Margin | -12.3% | -12.2% | 12.3% | -0.1pp | -24.6pp |
| EPS (Diluted) | $-0.22 | $-0.20 | $0.19 | -10.0% | -215.8% |
| Free Cash Flow | -$164.0K | -$10M | -$459.0K | 98.3% | 64.3% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $111.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $4M |
| Operating Expenses | $8M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$955.0K |
| Interest Income | $7M |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$955.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$955.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$955.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$955.0K |
| D&A | $261.0K |
| EBIT | -$955.0K |
| EBITDA | -$694.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$955.0K |
| Depreciation & Amortization | $261.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$102.0K |
| Change in Working Capital | $705.0K |
| OPERATING CASH FLOW | -$91.0K |
| Capital Expenditure | -$73.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $38M |
| NET CASH FROM FINANCING | $68M |
| FREE CASH FLOW | -$164.0K |
| Net Change in Cash | $52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $55M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $152M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $571M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $603M |
| TOTAL ASSETS | $756M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $626M |
| TOTAL CURRENT LIABILITIES | $626M |
| Long-Term Debt | $56M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $709M |
| Common Stock | $68.0K |
| Additional Paid-In Capital | $83M |
| Retained Earnings | -$45M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $756M |
| Total Debt | $70M |
| Net Debt | -$25M |
