| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $8M | $12M | 18.5% | -21.3% |
| Op. Income | -$23M | -$22M | -$19M | -5.6% | -18.4% |
| Gross Margin | 80.3% | 91.7% | 85.0% | -11.4pp | -4.7pp |
| Net Margin | -251.7% | -275.5% | -167.8% | 23.7pp | -83.9pp |
| EPS (Diluted) | $-0.61 | $-0.58 | $-0.52 | -5.2% | -17.3% |
| Free Cash Flow | $57M | -$17M | -$19M | 427.0% | 392.8% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $7M |
| R&D Expenses | $16M |
| Selling & Marketing | $5M |
| General & Administrative | $9M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$23M |
| Interest Income | $2M |
| Interest Expense | $435.0K |
| Other Income/Expenses | -$159.0K |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $132.0K |
| EBIT | -$22M |
| EBITDA | -$22M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $132.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$51.0K |
| Change in Working Capital | $76M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$396.0K |
| Acquisitions (Net) | -$14M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | -$35M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140M |
| Short-Term Investments | $3M |
| Net Receivables | $11M |
| Inventory | $4M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $167M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $150.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $176M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $42M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $118M |
| Common Stock | $34.0K |
| Additional Paid-In Capital | $772M |
| Retained Earnings | -$715M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $842.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $57M |
| Minority Interest | $0 |
| TOTAL EQUITY | $57M |
| TOTAL LIABILITIES & EQUITY | $176M |
| Total Debt | $6M |
| Net Debt | -$133M |
