| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $13M | $12M | 13.5% | 23.8% |
| Op. Income | -$21M | -$23M | -$20M | 8.8% | -3.3% |
| Gross Margin | 91.4% | 90.9% | 90.6% | 0.5pp | 0.8pp |
| Net Margin | -136.2% | -226.7% | -153.0% | 90.5pp | 16.8pp |
| EPS (Diluted) | $-0.26 | $-0.39 | $-0.25 | 33.3% | -4.0% |
| Free Cash Flow | -$22M | -$23M | -$11M | 5.5% | -94.0% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $14M |
| R&D Expenses | $15M |
| Selling & Marketing | $11M |
| General & Administrative | $8M |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $36M |
| OPERATING INCOME | -$21M |
| Interest Income | $748.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$112.0K |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $652.0K |
| EBIT | -$19M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $652.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $821.0K |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $0 |
| Net Receivables | $27M |
| Inventory | $2M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $101M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $123M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $391.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $53M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $87M |
| TOTAL LIABILITIES | $119M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $671M |
| Retained Earnings | -$668M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $123M |
| Total Debt | $65M |
| Net Debt | -$2M |
