| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $3M | -4.5% | -39.3% |
| Op. Income | -$21M | -$23M | -$24M | 10.0% | 12.6% |
| Gross Margin | 4.0% | 17.5% | 37.8% | -13.5pp | -33.8pp |
| Net Margin | -1149.9% | -1228.2% | -605.8% | 78.3pp | -544.1pp |
| EPS (Diluted) | $-0.08 | $-0.10 | $-0.13 | 17.2% | 37.0% |
| Free Cash Flow | -$16M | -$19M | -$9M | 14.4% | -80.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $70.0K |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $44.0K |
| Operating Expenses | $21M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$21M |
| Interest Income | $828.0K |
| Interest Expense | $136.0K |
| Other Income/Expenses | $736.0K |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$65.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $2M |
| EBIT | -$20M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$58.0K |
| Other Non-Cash Items | -$486.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$101.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | $61.0K |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $72M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $106M |
| PP&E (Net) | $14M |
| Goodwill | $37M |
| Intangible Assets | $43M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $208M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15.0K |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $166M |
| Minority Interest | $0 |
| TOTAL EQUITY | $166M |
| TOTAL LIABILITIES & EQUITY | $208M |
| Total Debt | $8M |
| Net Debt | -$9M |
