| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $4M | $4M | 6.5% | 22.2% |
| Op. Income | -$23M | -$9M | -$9M | -147.2% | -154.5% |
| Gross Margin | 86.0% | 85.4% | 81.3% | 0.5pp | 4.6pp |
| Net Margin | -491.4% | -261.4% | -241.1% | -230.0pp | -250.3pp |
| EPS (Diluted) | $-0.36 | $-0.18 | $-0.15 | -100.0% | -140.0% |
| Free Cash Flow | -$6M | -$9M | -$8M | 34.2% | 31.2% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $671.0K |
| GROSS PROFIT | $4M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$23M |
| Interest Income | $734.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$692.0K |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $589.0K |
| EBIT | -$22M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $589.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$243.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$243.0K |
| Net Debt Issuance | -$25.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$416.0K |
| NET CASH FROM FINANCING | -$409.0K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $88M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $601.0K |
| TOTAL CURRENT ASSETS | $93M |
| PP&E (Net) | $6M |
| Goodwill | $4M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $122M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $65.0K |
| Additional Paid-In Capital | $446M |
| Retained Earnings | -$386M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $61M |
| Minority Interest | $0 |
| TOTAL EQUITY | $61M |
| TOTAL LIABILITIES & EQUITY | $122M |
| Total Debt | $4M |
| Net Debt | -$84M |
