| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $4M | 17.0% | -24.2% |
| Op. Income | -$5M | -$7M | -$12M | 31.6% | 61.1% |
| Gross Margin | 72.8% | 66.5% | 43.5% | 6.3pp | 29.4pp |
| Net Margin | -228.2% | -330.2% | -385.8% | 101.9pp | 157.6pp |
| EPS (Diluted) | $-1.38 | $-1.78 | $-4.33 | 22.5% | 68.1% |
| Free Cash Flow | -$5M | -$5M | -$4M | -4.7% | -23.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $804.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $2M |
| Selling & Marketing | $837.0K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | -$5.0K |
| Operating Expenses | $7M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$100.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $2M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $892.0K |
| Deferred Income Tax | -$7.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$98.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$98.0K |
| Net Debt Issuance | -$148.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $646.0K |
| Inventory | $4M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $2M |
| Goodwill | $6M |
| Intangible Assets | $515.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $310.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $23M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $308.0K |
| Other Current Liabilities | $681.0K |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $459M |
| Retained Earnings | -$458M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $756.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | $756.0K |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $12M |
| Net Debt | $6M |
