| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $8M | $5M | 19.1% | 88.8% |
| Op. Income | -$12M | -$12M | -$11M | 3.4% | -6.7% |
| Gross Margin | 84.0% | 83.4% | 76.1% | 0.7pp | 7.9pp |
| Net Margin | -122.6% | -142.5% | -220.1% | 19.9pp | 97.4pp |
| EPS (Diluted) | $-0.56 | $-0.55 | $-0.54 | -1.8% | -3.7% |
| Free Cash Flow | -$13M | -$10M | -$10M | -23.5% | -27.7% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $8M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $481.0K |
| Other Income/Expenses | $135.0K |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $34.0K |
| 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 | -$12M |
| D&A | $127.0K |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $127.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $42.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$143.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$143.0K |
| Net Debt Issuance | -$7.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $473.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $11M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $112M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $115M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $885.0K |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $25M |
| Common Stock | $208.0K |
| Additional Paid-In Capital | $549M |
| Retained Earnings | -$459M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$187.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $90M |
| Minority Interest | $0 |
| TOTAL EQUITY | $90M |
| TOTAL LIABILITIES & EQUITY | $115M |
| Total Debt | $15M |
| Net Debt | -$75M |
