| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $0 | 4.3% | — |
| Op. Income | -$25M | -$21M | -$25M | -18.5% | 0.4% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -1059.6% | -937.1% | — | -122.4pp | — |
| EPS (Diluted) | $-1.30 | $-1.20 | $-1.70 | -8.3% | 23.5% |
| Free Cash Flow | -$26M | -$21M | -$10M | -22.7% | -145.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $18M |
| Selling & Marketing | $516.0K |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $1.0K |
| Operating Expenses | $27M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$25M |
| Interest Income | $846.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $846.0K |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $13.0K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $597.0K |
| EBIT | -$25M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $597.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $46.0K |
| Other Non-Cash Items | $22.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$164.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$27.0K |
| Sales/Maturities of Investments | -$149.0K |
| Other Investing Activities | -$1.0K |
| NET CASH FROM INVESTING | -$341.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $174M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $196M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $68.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $218M |
| Account Payables | $19M |
| Short-Term Debt | $7M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $11M |
| Additional Paid-In Capital | $376M |
| Retained Earnings | -$211M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $164M |
| Minority Interest | $0 |
| TOTAL EQUITY | $164M |
| TOTAL LIABILITIES & EQUITY | $218M |
| Total Debt | $7M |
| Net Debt | -$167M |
