| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $315.9K | $348.0K | $146.1K | -9.2% | 116.2% |
| Op. Income | -$2M | -$2M | -$3M | 10.4% | 23.0% |
| Gross Margin | 19.1% | 60.3% | 1.8% | -41.1pp | 17.4pp |
| Net Margin | -709.2% | -733.0% | -1917.1% | 23.7pp | 1207.8pp |
| EPS (Diluted) | $-0.93 | $-1.24 | $-1.40 | 25.4% | 33.8% |
| Free Cash Flow | -$2M | -$1M | -$2M | -66.0% | -1.6% |
| Item | Amount |
|---|---|
| REVENUE | $315.9K |
| Cost of Revenue | $255.4K |
| GROSS PROFIT | $60.5K |
| R&D Expenses | $83.8K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | -$2M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $175.2K |
| Other Income/Expenses | -$171.7K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $2.9K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $19.7K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $19.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $532.3K |
| Change in Working Capital | $44.1K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$261.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$261.5K |
| Net Debt Issuance | -$190.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$169.9K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112.5K |
| Short-Term Investments | $0 |
| Net Receivables | $74.9K |
| Inventory | $280.0K |
| Other Current Assets | $374.7K |
| TOTAL CURRENT ASSETS | $842.1K |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $7M |
| Account Payables | $2M |
| Short-Term Debt | $1M |
| Deferred Revenue | $161.2K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.9K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $83 |
| Additional Paid-In Capital | $53M |
| Retained Earnings | -$55M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $5M |
| Net Debt | $5M |
