| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $9M | $8M | -0.3% | 10.9% |
| Op. Income | -$7M | -$8M | -$8M | 16.9% | 21.5% |
| Gross Margin | 63.9% | 57.7% | 58.2% | 6.2pp | 5.7pp |
| Net Margin | -65.3% | -77.5% | -128.1% | 12.2pp | 62.7pp |
| EPS (Diluted) | $-0.14 | $-0.17 | $-0.25 | 17.6% | 44.0% |
| Free Cash Flow | -$7M | -$4M | -$13M | -77.4% | 47.2% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $6M |
| R&D Expenses | $4M |
| Selling & Marketing | $38.0K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $8M |
| Operating Expenses | $13M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $8.8K |
| Other Income/Expenses | $406.2K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $402.0K |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $457.4K |
| Stock-Based Compensation | $214.5K |
| Deferred Income Tax | -$231.9K |
| Other Non-Cash Items | $10.7K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | $209.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $140.3K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $154.8K |
| NET CASH FROM FINANCING | $931.1K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $2M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $24M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $52M |
| Account Payables | $3M |
| Short-Term Debt | $114.4K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $44.2K |
| Additional Paid-In Capital | $290M |
| Retained Earnings | -$267M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | $0 |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $52M |
| Total Debt | $18M |
| Net Debt | $5M |
