| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $8M | — | -9.5% | — |
| Op. Income | -$32M | -$25M | — | -28.4% | — |
| Gross Margin | -41.8% | 16.3% | — | -58.1pp | — |
| Net Margin | -579.7% | -272.4% | — | -307.3pp | — |
| EPS (Diluted) | $-0.20 | $-0.10 | — | -100.0% | — |
| Free Cash Flow | -$20M | -$29M | — | 30.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $10M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$32M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $64.0K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $705.0K |
| EBIT | -$32M |
| EBITDA | -$31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $705.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $63.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.0K |
| NET CASH FROM FINANCING | $2.0K |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $216M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $32M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $256M |
| PP&E (Net) | $38M |
| Goodwill | $8M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $310M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $78.0K |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $333M |
| Retained Earnings | -$84M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $249M |
| Minority Interest | $0 |
| TOTAL EQUITY | $249M |
| TOTAL LIABILITIES & EQUITY | $310M |
| Total Debt | $3M |
| Net Debt | -$213M |
