| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $25M | $25M | 1.4% | 1.0% |
| Op. Income | -$5M | $1M | -$8M | -501.9% | 44.1% |
| Gross Margin | 4.8% | 25.0% | -13.3% | -20.2pp | 18.1pp |
| Net Margin | -19.0% | 4.1% | -34.0% | -23.1pp | 15.0pp |
| EPS (Diluted) | $-0.39 | $0.08 | $-0.86 | -587.5% | 54.7% |
| Free Cash Flow | $5M | -$6M | -$7M | 176.0% | 165.8% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $6M |
| Operating Expenses | $6M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $820.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $95.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $95.0K |
| Stock-Based Compensation | $48.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$257.0K |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$61M |
| Sales/Maturities of Investments | $53M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3.0K |
| NET CASH FROM FINANCING | -$3.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $146M |
| Net Receivables | $89M |
| Inventory | $0 |
| Other Current Assets | -$278M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $148M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$148M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $297M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$12M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$34M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $280M |
| Common Stock | $98M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$64M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | $0 |
| TOTAL EQUITY | $17M |
| TOTAL LIABILITIES & EQUITY | $297M |
| Total Debt | $34M |
| Net Debt | $15M |
