| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $29M | — | -31.2% | — |
| Op. Income | -$5M | -$573.0K | — | -733.7% | — |
| Gross Margin | 89.5% | 90.8% | — | -1.3pp | — |
| Net Margin | -21.9% | -1.4% | — | -20.5pp | — |
| EPS (Diluted) | $-0.18 | $-0.02 | — | -990.9% | — |
| Free Cash Flow | $7M | -$3M | — | 308.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $20M |
| Operating Expenses | $23M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$5M |
| Interest Income | $136.0K |
| Interest Expense | $14.0K |
| Other Income/Expenses | $265.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$82.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $2M |
| EBIT | -$4M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$96.0K |
| Other Non-Cash Items | $245.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$415.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $20.0K |
| NET CASH FROM INVESTING | -$395.0K |
| Net Debt Issuance | -$230.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$230.0K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $265.0K |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $32M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $377.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $61M |
| Account Payables | $5M |
| Short-Term Debt | $12M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $762.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $32M |
| Common Stock | $250.0K |
| Additional Paid-In Capital | $147M |
| Retained Earnings | -$116M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29M |
| Minority Interest | $0 |
| TOTAL EQUITY | $29M |
| TOTAL LIABILITIES & EQUITY | $61M |
| Total Debt | $15M |
| Net Debt | -$8M |
