| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $800.0K | $830.0K | $1M | -3.6% | -43.7% |
| Op. Income | -$15M | -$14M | -$17M | -7.7% | 11.7% |
| Gross Margin | -292.8% | -264.2% | -111.2% | -28.5pp | -181.6pp |
| Net Margin | -1971.2% | -1969.8% | 58.2% | -1.5pp | -2029.4pp |
| EPS (Diluted) | $-0.15 | $-0.15 | $0.01 | 0.0% | -1600.0% |
| Free Cash Flow | -$10M | -$9M | -$11M | -15.6% | 10.5% |
| Item | Amount |
|---|---|
| REVENUE | $800.0K |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $8M |
| Operating Expenses | $13M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $343.0K |
| Other Income/Expenses | -$592.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $148.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $596.0K |
| EBIT | -$15M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $585.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | $48M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $32M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $90M |
| PP&E (Net) | $42M |
| Goodwill | $18M |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $72M |
| TOTAL ASSETS | $161M |
| Account Payables | $879.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $64.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $57M |
| TOTAL LIABILITIES | $66M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $810M |
| Retained Earnings | -$721M |
| Treasury Stock | -$4.0K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $91M |
| Minority Interest | $4M |
| TOTAL EQUITY | $95M |
| TOTAL LIABILITIES & EQUITY | $161M |
| Total Debt | $51M |
| Net Debt | -$2M |
