| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $9M | $3M | 31.0% | 238.8% |
| Op. Income | -$18M | -$18M | -$9M | -0.1% | -99.6% |
| Gross Margin | -100.1% | -132.5% | -151.9% | 32.5pp | 51.8pp |
| Net Margin | -114.7% | -186.4% | -277.7% | 71.6pp | 163.0pp |
| EPS (Diluted) | $-0.35 | $-0.54 | $-1.57 | 35.7% | 77.9% |
| Free Cash Flow | -$29M | -$24M | -$15M | -23.6% | -93.3% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $23M |
| GROSS PROFIT | -$11M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | -$23M |
| Operating Expenses | $7M |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$18M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $1M |
| EBIT | -$18M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $656.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$39.0K |
| NET CASH FROM FINANCING | -$39.0K |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $267M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $324M |
| PP&E (Net) | $66M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $84M |
| TOTAL ASSETS | $409M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $64M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $96M |
| TOTAL LIABILITIES | $160M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$106M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $248M |
| Minority Interest | $0 |
| TOTAL EQUITY | $248M |
| TOTAL LIABILITIES & EQUITY | $409M |
| Total Debt | $48M |
| Net Debt | -$3M |
