Q2 2023 Earnings

Reported June 28, 2023

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q2 2023	Q1 2023	Q2 2022	QoQ Change	YoY Change
Revenue	$0	$194.0K	—	-100.0%	—
Op. Income	-$12M	-$10M	—	-26.8%	—
EPS (Diluted)	$-0.17	$-0.13	—	-30.8%	—
Free Cash Flow	-$11M	-$8M	—	-35.1%	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$4.0K
GROSS PROFIT	-$4.0K
R&D Expenses	$10M
Selling & Marketing	-$4.0K
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	-$58.0K
Operating Expenses	$12M
Cost & Expenses	$12M
OPERATING INCOME	-$12M
Interest Income	$771.0K
Interest Expense	$0
Other Income/Expenses	$713.0K
INCOME BEFORE TAX	-$12M
Income Tax Expense	$0
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	-$15M
D&A	$4.0K
EBIT	-$12M
EBITDA	-$12M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$12M
Depreciation & Amortization	$4.0K
Stock-Based Compensation	$177.0K
Deferred Income Tax	$0
Other Non-Cash Items	$364.0K
Change in Working Capital	$286.0K
OPERATING CASH FLOW	-$11M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$32M
Sales/Maturities of Investments	$136M
Other Investing Activities	$0
NET CASH FROM INVESTING	$103M
Net Debt Issuance	-$15M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$165.0K
NET CASH FROM FINANCING	-$15M
FREE CASH FLOW	-$11M
Net Change in Cash	$77M