| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88.6K | $309.0K | $149.3K | -71.3% | -40.7% |
| Op. Income | -$571.5K | -$852.5K | -$766.3K | 33.0% | 25.4% |
| Gross Margin | -16.0% | 3.3% | 34.8% | -19.3pp | -50.8pp |
| Net Margin | -627.9% | -272.2% | -521.9% | -355.7pp | -105.9pp |
| EPS (Diluted) | $-0.31 | $-0.47 | $-0.45 | 34.0% | 31.1% |
| Free Cash Flow | -$800.1K | -$102.3K | -$1M | -681.8% | 31.8% |
| Item | Amount |
|---|---|
| REVENUE | $88.6K |
| Cost of Revenue | $102.8K |
| GROSS PROFIT | -$14.2K |
| R&D Expenses | $0 |
| Selling & Marketing | $557.8K |
| General & Administrative | -$491 |
| SG&A Expenses | $557.4K |
| Other Expenses | $0 |
| Operating Expenses | $557.4K |
| Cost & Expenses | $660.1K |
| OPERATING INCOME | -$571.5K |
| Interest Income | $0 |
| Interest Expense | $16.1K |
| Other Income/Expenses | -$17.4K |
| INCOME BEFORE TAX | -$588.9K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$588.9K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$556.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$556.4K |
| D&A | $17.8K |
| EBIT | -$571.5K |
| EBITDA | -$553.8K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$557.5K |
| Depreciation & Amortization | $17.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$30.2K |
| Change in Working Capital | -$230.2K |
| OPERATING CASH FLOW | -$800.1K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$511.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $135.4K |
| NET CASH FROM FINANCING | $524.1K |
| FREE CASH FLOW | -$800.1K |
| Net Change in Cash | -$279.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165.3K |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $764.9K |
| Other Current Assets | $216.2K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $39.7K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $4M |
| Account Payables | $1M |
| Short-Term Debt | $907.3K |
| Deferred Revenue | $429.8K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $140.7K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $430.4K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $0 |
| Additional Paid-In Capital | $3M |
| Retained Earnings | -$2M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $678.6K |
| Minority Interest | -$183.9K |
| TOTAL EQUITY | $494.7K |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $1M |
| Net Debt | $1M |
