| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $17M | — | 14.3% | — |
| Op. Income | -$8M | -$5M | — | -58.3% | — |
| Gross Margin | 15.9% | 21.6% | — | -5.8pp | — |
| Net Margin | -94.3% | -106.2% | — | 11.9pp | — |
| EPS (Diluted) | $-0.99 | $-0.97 | — | -2.1% | — |
| Free Cash Flow | -$11M | -$5M | — | -95.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $3M |
| R&D Expenses | $4M |
| Selling & Marketing | $4M |
| General & Administrative | $4M |
| SG&A Expenses | $8M |
| Other Expenses | $4.0K |
| Operating Expenses | $11M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $41.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $1M |
| EBIT | -$17M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $402.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $12M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $27M |
| Goodwill | $21M |
| Intangible Assets | $23M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $837.0K |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $112M |
| Account Payables | $13M |
| Short-Term Debt | $24M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $57M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $138M |
| Common Stock | $319.0K |
| Additional Paid-In Capital | $33M |
| Retained Earnings | -$130M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$655.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$26M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$26M |
| TOTAL LIABILITIES & EQUITY | $112M |
| Total Debt | $89M |
| Net Debt | $87M |
