| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $25M | $19M | 10.1% | 47.3% |
| Op. Income | -$17M | -$17M | -$39M | -5.2% | 54.8% |
| Gross Margin | 49.2% | 48.9% | 23.6% | 0.3pp | 25.6pp |
| Net Margin | -61.6% | -67.1% | -338.4% | 5.5pp | 276.8pp |
| EPS (Diluted) | $-0.22 | $-0.21 | $-0.82 | -4.8% | 73.2% |
| Free Cash Flow | -$10M | -$9M | -$31M | -7.1% | 67.1% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $14M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $2M |
| Operating Expenses | $31M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $710.0K |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $301.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $4M |
| EBIT | -$15M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$688.0K |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$838.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $41M |
| NET CASH FROM INVESTING | $40M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $326.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $142M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $22M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $183M |
| PP&E (Net) | $57M |
| Goodwill | $106M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $173M |
| TOTAL ASSETS | $356M |
| Account Payables | $6M |
| Short-Term Debt | $5M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $61M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $312M |
| TOTAL NON-CURRENT LIABILITIES | $422M |
| TOTAL LIABILITIES | $469M |
| Common Stock | $81.0K |
| Additional Paid-In Capital | $853M |
| Retained Earnings | -$960M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$113M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$113M |
| TOTAL LIABILITIES & EQUITY | $356M |
| Total Debt | $101M |
| Net Debt | -$41M |
