| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $4M | $7M | 31.2% | -25.7% |
| Op. Income | -$1M | -$2M | -$2M | 38.1% | 17.8% |
| Gross Margin | 33.7% | 31.5% | 38.1% | 2.2pp | -4.4pp |
| Net Margin | -18.6% | -19.9% | -3.5% | 1.3pp | -15.1pp |
| EPS (Diluted) | $-0.04 | $-0.03 | $-0.01 | -22.5% | -297.2% |
| Free Cash Flow | -$8M | $60M | -$2M | -112.8% | -364.7% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $2M |
| R&D Expenses | $873.0K |
| Selling & Marketing | $1M |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $91.0K |
| Other Income/Expenses | $346.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $10.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $316.0K |
| EBIT | -$918.0K |
| EBITDA | -$602.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $316.0K |
| Stock-Based Compensation | $24.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$803.0K |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$299.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$225.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0K |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $6M |
| Net Receivables | $11M |
| Inventory | $8M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $586.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $52M |
| Account Payables | $2M |
| Short-Term Debt | $1M |
| Deferred Revenue | $52.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $46M |
| Retained Earnings | -$2M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$270.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $43M |
| Minority Interest | $0 |
| TOTAL EQUITY | $43M |
| TOTAL LIABILITIES & EQUITY | $52M |
| Total Debt | $2M |
| Net Debt | -$13M |
