| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $10M | $19M | 36.5% | -28.7% |
| Op. Income | -$6M | -$10M | -$5M | 37.4% | -24.9% |
| Gross Margin | 40.3% | 43.8% | 49.0% | -3.5pp | -8.7pp |
| Net Margin | -44.4% | -94.3% | -26.3% | 49.9pp | -18.1pp |
| EPS (Diluted) | $-0.11 | $-0.17 | $-0.09 | 35.3% | -18.9% |
| Free Cash Flow | -$8M | -$9M | -$5M | 5.5% | -64.2% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $5M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$6M |
| Interest Income | $480.0K |
| Interest Expense | $24.0K |
| Other Income/Expenses | $473.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $126.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $107.0K |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $1M |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$807.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$699.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$699.0K |
| Net Debt Issuance | -$324.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$324.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $6M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $70M |
| PP&E (Net) | $13M |
| Goodwill | $18M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $104M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $175.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $484M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$466M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $52M |
| TOTAL EQUITY | $74M |
| TOTAL LIABILITIES & EQUITY | $104M |
| Total Debt | $6M |
| Net Debt | -$49M |
