| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $3M | $11M | 6.2% | -67.1% |
| Op. Income | -$29M | -$32M | -$24M | 9.4% | -21.2% |
| Gross Margin | 8.3% | 7.3% | 80.6% | 1.0pp | -72.3pp |
| Net Margin | -835.6% | -910.7% | -315.8% | 75.1pp | -519.9pp |
| EPS (Diluted) | $-0.53 | $-0.66 | $-0.76 | 19.7% | 30.3% |
| Free Cash Flow | -$34M | -$46M | -$42M | 26.1% | 18.7% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $293.0K |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$29M |
| Interest Income | $655.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$796.0K |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $3M |
| EBIT | -$26M |
| EBITDA | -$23M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $58M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $93M |
| Short-Term Investments | $0 |
| Net Receivables | $41M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $143M |
| PP&E (Net) | $157M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $167M |
| TOTAL ASSETS | $310M |
| Account Payables | $28M |
| Short-Term Debt | $4M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $189.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $115M |
| TOTAL LIABILITIES | $187M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $653M |
| Retained Earnings | -$530M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $124M |
| Minority Interest | $0 |
| TOTAL EQUITY | $124M |
| TOTAL LIABILITIES & EQUITY | $310M |
| Total Debt | $91M |
| Net Debt | -$2M |
