| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $9M | $11M | 27.5% | 8.9% |
| Op. Income | -$11M | -$13M | -$8M | 16.0% | -30.7% |
| Gross Margin | 47.9% | 46.2% | 59.7% | 1.7pp | -11.8pp |
| Net Margin | -77.3% | -132.1% | -72.9% | 54.8pp | -4.4pp |
| EPS (Diluted) | $-0.29 | $-0.39 | $-0.26 | 25.6% | -11.5% |
| Free Cash Flow | -$8M | -$12M | -$10M | 30.7% | 21.8% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $6M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $11M |
| Operating Expenses | $17M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$11M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$71.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $605.0K |
| EBIT | -$11M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $605.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$72.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$320.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$961.0K |
| NET CASH FROM FINANCING | -$401.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133M |
| Short-Term Investments | $20M |
| Net Receivables | $10M |
| Inventory | $14M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $181M |
| PP&E (Net) | $10M |
| Goodwill | $10M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $211M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $156.0K |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $329M |
| Retained Earnings | -$156M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $174M |
| Minority Interest | $0 |
| TOTAL EQUITY | $174M |
| TOTAL LIABILITIES & EQUITY | $211M |
| Total Debt | $7M |
| Net Debt | -$126M |
