| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $495.0K | $597.0K | $797.0K | -17.1% | -37.9% |
| Op. Income | -$8M | -$8M | -$9M | 3.9% | 15.7% |
| Gross Margin | 69.7% | 69.7% | 77.4% | 0.0pp | -7.7pp |
| Net Margin | -1454.9% | -1507.5% | -1274.7% | 52.6pp | -180.3pp |
| EPS (Diluted) | $-0.58 | $-0.77 | $-1.24 | 25.4% | 53.6% |
| Free Cash Flow | -$10M | -$4M | -$6M | -127.2% | -59.1% |
| Item | Amount |
|---|---|
| REVENUE | $495.0K |
| Cost of Revenue | $150.0K |
| GROSS PROFIT | $345.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $371.0K |
| Other Income/Expenses | $795.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $29.0K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $29.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $342.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$40.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$40.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$40.0K |
| NET CASH FROM FINANCING | $7.0K |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $127.0K |
| Inventory | $2M |
| Other Current Assets | $212.0K |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $21M |
| Account Payables | $966.0K |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $153.0K |
| Additional Paid-In Capital | $473M |
| Retained Earnings | -$474M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$64.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$242.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | -$242.0K |
| TOTAL LIABILITIES & EQUITY | $21M |
| Total Debt | $10M |
| Net Debt | -$5M |
