| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | 39.3% | 5.0% |
| Op. Income | -$4M | -$4M | -$11M | 4.8% | 61.6% |
| Gross Margin | 74.9% | 70.2% | 74.9% | 4.7pp | 0.0pp |
| Net Margin | -530.4% | -270.4% | -513.4% | -260.1pp | -17.0pp |
| EPS (Diluted) | $-0.85 | $0.20 | $-1.41 | -525.0% | 39.7% |
| Free Cash Flow | -$7M | -$5M | -$3M | -27.4% | -94.6% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $567.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $2M |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $977.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$4M |
| Interest Income | $4.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | -$3M |
| 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 | $943.0K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $943.0K |
| Stock-Based Compensation | $98.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$26.0K |
| Acquisitions (Net) | $10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | -$328.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$328.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $815.0K |
| Goodwill | $44M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $78.0K |
| TOTAL NON-CURRENT ASSETS | $65M |
| TOTAL ASSETS | $72M |
| Account Payables | $742.0K |
| Short-Term Debt | $376.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $72M |
| Retained Earnings | -$21M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $72M |
| Total Debt | $706.0K |
| Net Debt | -$4M |
