| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $11M | $12M | -2.8% | -12.2% |
| Op. Income | -$5M | -$3M | -$5M | -71.1% | 11.6% |
| Gross Margin | 15.6% | 38.4% | -9.6% | -22.8pp | 25.2pp |
| Net Margin | -78.2% | -24.4% | -47.4% | -53.8pp | -30.8pp |
| EPS (Diluted) | $-0.07 | $-0.03 | $-0.06 | -197.6% | -19.0% |
| Free Cash Flow | -$4M | -$4M | -$9M | 10.0% | 57.2% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $2M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3M |
| Operating Expenses | $6M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$5M |
| Interest Income | $222.7K |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $39.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $163.2K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $163.2K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $39.1K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$383.4K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$134.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$1.5K |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $16M |
| Net Receivables | $10M |
| Inventory | $8M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $169.1K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $55M |
| Account Payables | $7M |
| Short-Term Debt | $796.1K |
| Deferred Revenue | $555.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6.2K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $19M |
| Common Stock | $1M |
| Additional Paid-In Capital | $383M |
| Retained Earnings | -$349M |
| Treasury Stock | -$103.1K |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $0 |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $55M |
| Total Debt | $3M |
| Net Debt | -$7M |
