| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $4M | $4M | -25.3% | -22.2% |
| Op. Income | -$42M | -$64M | $4M | 33.5% | -1117.4% |
| Gross Margin | 72.7% | 49.1% | 15.8% | 23.6pp | 56.9pp |
| Net Margin | -1632.0% | -1626.9% | 1266.6% | -5.2pp | -2898.6pp |
| EPS (Diluted) | $-2.72 | $-4.12 | $3.16 | 34.1% | -185.9% |
| Free Cash Flow | -$11M | -$18M | -$38M | 39.3% | 70.7% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $802.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $23M |
| Operating Expenses | $45M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$42M |
| Interest Income | $66.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $2M |
| EBIT | -$47M |
| EBITDA | -$45M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$31.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31.0K |
| Net Debt Issuance | $932.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $6M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $86M |
| Goodwill | $90M |
| Intangible Assets | $12M |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $228M |
| TOTAL ASSETS | $246M |
| Account Payables | $12M |
| Short-Term Debt | $17M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $17M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $9.0K |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $63M |
| TOTAL LIABILITIES | $128M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $874M |
| Retained Earnings | -$757M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $119M |
| Minority Interest | $0 |
| TOTAL EQUITY | $119M |
| TOTAL LIABILITIES & EQUITY | $246M |
| Total Debt | $62M |
| Net Debt | $59M |
