| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $13M | $38M | 64.3% | -44.5% |
| Op. Income | -$13M | -$24M | -$3M | 46.6% | -383.9% |
| Gross Margin | 85.1% | 65.2% | 70.7% | 19.9pp | 14.4pp |
| Net Margin | -54.0% | -174.2% | -6.9% | 120.2pp | -47.2pp |
| EPS (Diluted) | $-0.17 | $-0.34 | $-0.04 | 50.0% | -320.8% |
| Free Cash Flow | -$18M | -$12M | -$4M | -50.4% | -328.6% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $18M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $72.0K |
| Operating Expenses | $31M |
| Cost & Expenses | $34M |
| OPERATING INCOME | -$13M |
| Interest Income | $1M |
| Interest Expense | $9.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $9.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $3M |
| EBIT | -$12M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$78.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$189.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $2M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $120M |
| PP&E (Net) | $60M |
| Goodwill | $3M |
| Intangible Assets | $0 |
| Long-Term Investments | $21M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $87M |
| TOTAL ASSETS | $207M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $83M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $580M |
| Retained Earnings | -$455M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $124M |
| Minority Interest | $0 |
| TOTAL EQUITY | $124M |
| TOTAL LIABILITIES & EQUITY | $207M |
| Total Debt | $41M |
| Net Debt | -$51M |
