| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $9M | $10M | 5.4% | -5.9% |
| Op. Income | -$13M | -$13M | -$9M | 0.8% | -49.6% |
| Gross Margin | 84.8% | 88.3% | 88.3% | -3.6pp | -3.6pp |
| Net Margin | -116.2% | -126.9% | -86.0% | 10.6pp | -30.3pp |
| EPS (Diluted) | $-0.10 | $-0.08 | $-0.08 | -19.8% | -30.4% |
| Free Cash Flow | -$11M | -$6M | -$6M | -80.4% | -80.3% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $8M |
| R&D Expenses | $6M |
| Selling & Marketing | $6M |
| General & Administrative | $8M |
| SG&A Expenses | $14M |
| Other Expenses | $977.0K |
| Operating Expenses | $21M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$13M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$13M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$507.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $74M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $156.7K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $162M |
| Net Receivables | $8M |
| Inventory | $11M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $237M |
| PP&E (Net) | $34M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $161.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$161.4B |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $271M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $1M |
| Additional Paid-In Capital | $399M |
| Retained Earnings | -$159M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $241M |
| Minority Interest | $0 |
| TOTAL EQUITY | $241M |
| TOTAL LIABILITIES & EQUITY | $271M |
| Total Debt | $16M |
| Net Debt | -$38M |
