| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $583.4K | — | $905.4K | — | -35.6% |
| Op. Income | -$3M | — | -$2M | — | -58.8% |
| Gross Margin | 58.4% | — | 59.8% | — | -1.4pp |
| Net Margin | -267.0% | — | -158.7% | — | -108.3pp |
| EPS (Diluted) | $-0.32 | — | $-1.23 | — | 73.8% |
| Free Cash Flow | -$2M | — | -$954.1K | — | -76.0% |
| Item | Amount |
|---|---|
| REVENUE | $583.4K |
| Cost of Revenue | $242.7K |
| GROSS PROFIT | $340.7K |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$3M |
| Interest Income | $211.0K |
| Interest Expense | $18.6K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $76.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $131.2K |
| EBIT | -$972.2K |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$112.1K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$9.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9.5K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$155.7K |
| NET CASH FROM FINANCING | -$155.7K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $507.0K |
| Inventory | $775.0K |
| Other Current Assets | $62.9K |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $349.9K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $349.9K |
| TOTAL ASSETS | $13M |
| Account Payables | $425.1K |
| Short-Term Debt | $0 |
| Deferred Revenue | $977.6K |
| Other Current Liabilities | $631.8K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $13.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $146.9K |
| TOTAL NON-CURRENT LIABILITIES | $238.5K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $30M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$19M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$415.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $0 |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $250.9K |
| Net Debt | -$11M |
