| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $11M | $13M | -33.1% | -44.1% |
| Op. Income | -$5M | -$4M | -$4M | -39.1% | -27.4% |
| Gross Margin | 6.8% | 24.3% | 19.7% | -17.5pp | -13.0pp |
| Net Margin | -77.8% | -37.9% | -34.4% | -39.9pp | -43.4pp |
| EPS (Diluted) | $-2.96 | $-2.16 | $-2.39 | -37.0% | -23.8% |
| Free Cash Flow | $881.4K | $1M | -$4M | -27.6% | 119.9% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $485.9K |
| R&D Expenses | $1M |
| Selling & Marketing | $4M |
| General & Administrative | $1M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $112.6K |
| Other Income/Expenses | -$112.6K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $25.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $148.4K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $148.4K |
| Stock-Based Compensation | $101.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6.2K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$253.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$97.5K |
| NET CASH FROM INVESTING | -$253.6K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $881.4K |
| Net Change in Cash | -$520.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $281.6K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $18M |
| Other Current Assets | $740.8K |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $711.8K |
| Goodwill | $0 |
| Intangible Assets | $41.9K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $584.4K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $23M |
| Account Payables | $9M |
| Short-Term Debt | $3M |
| Deferred Revenue | $787.2K |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $694.1K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $694.1K |
| TOTAL LIABILITIES | $16M |
| Common Stock | $471.9K |
| Additional Paid-In Capital | $91M |
| Retained Earnings | -$85M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $4M |
| Net Debt | $3M |
