| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $11M | $8M | 11.4% | 41.0% |
| Op. Income | -$11M | -$10M | -$6M | -12.7% | -75.5% |
| Gross Margin | 81.2% | 84.2% | 83.4% | -3.0pp | -2.1pp |
| Net Margin | -88.4% | -87.4% | -75.1% | -1.0pp | -13.2pp |
| EPS (Diluted) | $-0.62 | $-0.55 | $-0.36 | -12.7% | -72.2% |
| Free Cash Flow | -$9M | -$9M | -$4M | -0.3% | -151.4% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $10M |
| R&D Expenses | $5M |
| Selling & Marketing | $10M |
| General & Administrative | $6M |
| SG&A Expenses | $16M |
| Other Expenses | -$530.0K |
| Operating Expenses | $21M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$11M |
| Interest Income | $10.5K |
| Interest Expense | $0 |
| Other Income/Expenses | $794.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $13.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| NET INCOME | -$10M |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $146.0K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $146.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $327.0K |
| Change in Working Capital | -$333.0K |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$304.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | -$5.0K |
| NET CASH FROM INVESTING | $18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $171.0K |
| NET CASH FROM FINANCING | $171.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $29M |
| Net Receivables | $7M |
| Inventory | $3M |
| Other Current Assets | $126.0K |
| TOTAL CURRENT ASSETS | $77M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $456.0K |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $86M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $183.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $374.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $344M |
| Retained Earnings | -$282M |
| Accum. Other Comp. Income | $8M |
| Other Equity | -$892.0K |
| TOTAL STOCKHOLDERS' EQUITY | $69M |
| Minority Interest | $0 |
| TOTAL EQUITY | $69M |
| TOTAL LIABILITIES & EQUITY | $86M |
| Total Debt | $2M |
| Net Debt | -$36M |
