| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $12M | $22M | 13.8% | -36.9% |
| Op. Income | -$8M | -$8M | -$16M | -3.0% | 50.0% |
| Gross Margin | 29.5% | 27.3% | 41.9% | 2.2pp | -12.3pp |
| Net Margin | -70.4% | -62.6% | -71.5% | -7.8pp | 1.1pp |
| EPS (Diluted) | $-0.19 | $-0.15 | $-0.30 | -26.7% | 36.7% |
| Free Cash Flow | -$4M | -$6M | -$6M | 31.9% | 27.9% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $8M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$8M |
| Interest Income | $437.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $288.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $7M |
| EBIT | -$8M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$31.0K |
| NET CASH FROM FINANCING | -$31.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $63M |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $448.0K |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $133M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $815.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $361M |
| Retained Earnings | -$259M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $103M |
| Minority Interest | $0 |
| TOTAL EQUITY | $103M |
| TOTAL LIABILITIES & EQUITY | $133M |
| Total Debt | $4M |
| Net Debt | -$40M |
