| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $74M | $118M | 15.0% | -27.6% |
| Op. Income | -$12M | $18M | -$2M | -163.5% | -664.6% |
| Gross Margin | -10.1% | 29.1% | 0.8% | -39.2pp | -10.9pp |
| Net Margin | -11.6% | 28.4% | -2.6% | -40.0pp | -8.9pp |
| EPS (Diluted) | $-0.23 | $0.48 | $-0.07 | -147.9% | -224.4% |
| Free Cash Flow | -$12M | -$32M | $8M | 62.0% | -258.4% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $94M |
| GROSS PROFIT | -$9M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $97M |
| OPERATING INCOME | -$12M |
| Interest Income | $2M |
| Interest Expense | $34.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $15.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $3M |
| EBIT | -$10M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $5.0K |
| Other Non-Cash Items | -$899.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $67M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $274M |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $80M |
| TOTAL ASSETS | $354M |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $60M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $282M |
| Retained Earnings | $12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $294M |
| Minority Interest | $0 |
| TOTAL EQUITY | $294M |
| TOTAL LIABILITIES & EQUITY | $354M |
| Total Debt | $498.0K |
| Net Debt | -$166M |
