| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $12M | $18M | 40.6% | -6.1% |
| Op. Income | -$8M | -$10M | -$7M | 20.0% | -7.2% |
| Gross Margin | 54.8% | 47.2% | 58.3% | 7.6pp | -3.5pp |
| Net Margin | -48.7% | -83.0% | -41.2% | 34.3pp | -7.5pp |
| EPS (Diluted) | $-0.46 | $-0.56 | $-0.43 | 17.9% | -7.0% |
| Free Cash Flow | $4M | -$6M | -$3M | 166.6% | 220.3% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $9M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $3M |
| Operating Expenses | $17M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$8M |
| Interest Income | $79.0K |
| Interest Expense | $756.0K |
| Other Income/Expenses | -$710.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $1M |
| EBIT | -$8M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $873.0K |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $357.0K |
| Change in Working Capital | $6M |
| 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 | -$13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$88.0K |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $12M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $48M |
| PP&E (Net) | $146.0K |
| Goodwill | $0 |
| Intangible Assets | $22M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.0K |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $70M |
| Account Payables | $32M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $70M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $87M |
| Retained Earnings | -$87M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0K |
| TOTAL LIABILITIES & EQUITY | $70M |
| Total Debt | $10M |
| Net Debt | $2M |
