| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $915.0K | $1M | $401.0K | -21.4% | 128.2% |
| Op. Income | -$13M | -$12M | -$8M | -12.2% | -69.7% |
| Gross Margin | 94.1% | 96.2% | 85.0% | -2.1pp | 9.1pp |
| Net Margin | -1316.5% | -939.9% | -1956.9% | -376.6pp | 640.4pp |
| EPS (Diluted) | $-0.35 | $-0.40 | $-0.25 | 12.5% | -40.0% |
| Free Cash Flow | -$11M | -$14M | -$9M | 27.0% | -12.4% |
| Item | Amount |
|---|---|
| REVENUE | $915.0K |
| Cost of Revenue | $54.0K |
| GROSS PROFIT | $861.0K |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$13M |
| Interest Income | $941.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $910.0K |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $73.0K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $231.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $713.0K |
| Change in Working Capital | $612.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$27.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$56M |
| Sales/Maturities of Investments | $64M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $86.0K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $101M |
| Net Receivables | $171.0K |
| Inventory | $178.0K |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $120M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $517.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $126M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $213.0K |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $312M |
| Retained Earnings | -$223M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$96.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $89M |
| Minority Interest | $0 |
| TOTAL EQUITY | $89M |
| TOTAL LIABILITIES & EQUITY | $126M |
| Total Debt | $12M |
| Net Debt | -$5M |
