| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $2M | -44.9% | -30.5% |
| Op. Income | -$4M | -$3M | -$3M | -40.1% | -37.8% |
| Gross Margin | 47.5% | 61.1% | 57.3% | -13.7pp | -9.8pp |
| Net Margin | -214.4% | -82.4% | -111.5% | -131.9pp | -102.9pp |
| EPS (Diluted) | $-7.71 | $-5.16 | $-5.91 | -49.4% | -30.5% |
| Free Cash Flow | -$3M | -$4M | -$2M | 33.9% | -46.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $853.6K |
| GROSS PROFIT | $771.5K |
| R&D Expenses | $843.1K |
| Selling & Marketing | $977.7K |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $291.4K |
| Operating Expenses | $4M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$4M |
| Interest Income | $110.9K |
| Interest Expense | $3.5K |
| Other Income/Expenses | $78.2K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $538.6K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $538.6K |
| Stock-Based Compensation | $124.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10.9K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$402.3K |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$68.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3.2K |
| NET CASH FROM FINANCING | $3.2K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $6M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $12.3K |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $271.0K |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27.6K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $18M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $89.6K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3M |
| Common Stock | $906 |
| Additional Paid-In Capital | $69M |
| Retained Earnings | -$54M |
| Treasury Stock | -$172 |
| Accum. Other Comp. Income | $687 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $18M |
| Total Debt | $108.0K |
| Net Debt | -$2M |
