| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $6M | 7.2% | 14.6% |
| Op. Income | -$19M | -$19M | -$26M | -0.5% | 26.1% |
| Gross Margin | 11.9% | 4.2% | -0.2% | 7.7pp | 12.1pp |
| Net Margin | -148.6% | -351.3% | -505.1% | 202.6pp | 356.4pp |
| EPS (Diluted) | $-1.35 | $-3.04 | $-4.65 | 55.6% | 71.0% |
| Free Cash Flow | -$52M | -$41M | -$27M | -27.8% | -88.7% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $852.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$19M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $3M |
| EBIT | -$4M |
| EBITDA | -$888.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | $85M |
| Common Stock Repurchased | -$3.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$226.0K |
| NET CASH FROM FINANCING | $85M |
| FREE CASH FLOW | -$52M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $4M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $51M |
| PP&E (Net) | $231M |
| Goodwill | $38M |
| Intangible Assets | $44M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25.0K |
| TOTAL NON-CURRENT ASSETS | $313M |
| TOTAL ASSETS | $364M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $179M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $239M |
| TOTAL LIABILITIES | $266M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $312M |
| Retained Earnings | -$214M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $98M |
| Minority Interest | $0 |
| TOTAL EQUITY | $98M |
| TOTAL LIABILITIES & EQUITY | $364M |
| Total Debt | $229M |
| Net Debt | $195M |
