| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $9M | $5M | -42.1% | 9.8% |
| Op. Income | -$8M | -$9M | -$3M | 14.8% | -117.8% |
| Gross Margin | 41.0% | 31.6% | 37.5% | 9.4pp | 3.4pp |
| Net Margin | -165.4% | -107.1% | -99.4% | -58.3pp | -66.0pp |
| EPS (Diluted) | $-1.10 | $-1.23 | $-0.17 | 10.6% | -547.1% |
| Free Cash Flow | -$6M | -$7M | -$4M | 5.6% | -72.2% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2M |
| R&D Expenses | $439.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $174.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$8M |
| Interest Income | $45.0K |
| Interest Expense | $295.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$16.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $174.0K |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $174.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$16.0K |
| Other Non-Cash Items | $994.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$150.0K |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$250.0K |
| Sales/Maturities of Investments | $220.0K |
| Other Investing Activities | $30.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$365.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $513.0K |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $3M |
| Goodwill | $11M |
| Intangible Assets | $7M |
| Long-Term Investments | $71M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $94M |
| TOTAL ASSETS | $109M |
| Account Payables | $10M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1 |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $58M |
| Common Stock | $96M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$43M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $109M |
| Total Debt | $40M |
| Net Debt | $39M |
