| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185.0K | $248.2K | $85.5K | -25.4% | 116.4% |
| Op. Income | -$525.3K | -$488.8K | -$743.2K | -7.4% | 29.3% |
| Gross Margin | -205.2% | 100.0% | -697.8% | -305.2pp | 492.7pp |
| Net Margin | -266.8% | -186.4% | -867.5% | -80.4pp | 600.8pp |
| EPS (Diluted) | $-0.01 | $-0.01 | $-0.02 | -5.8% | 37.2% |
| Free Cash Flow | -$626.4K | -$597.8K | -$582.3K | -4.8% | -7.6% |
| Item | Amount |
|---|---|
| REVENUE | $185.0K |
| Cost of Revenue | $564.7K |
| GROSS PROFIT | -$379.7K |
| R&D Expenses | $145.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $145.6K |
| Cost & Expenses | $710.3K |
| OPERATING INCOME | -$525.3K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $31.6K |
| INCOME BEFORE TAX | -$493.6K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$493.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$493.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$493.6K |
| D&A | $6.8K |
| EBIT | -$525.3K |
| EBITDA | -$518.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$493.6K |
| Depreciation & Amortization | $43.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3.5K |
| Change in Working Capital | -$171.9K |
| OPERATING CASH FLOW | -$625.8K |
| Capital Expenditure | -$598 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$626.4K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $666.2K |
| Inventory | $0 |
| Other Current Assets | $231.8K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $303.2K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $56.1K |
| TOTAL NON-CURRENT ASSETS | $359.3K |
| TOTAL ASSETS | $5M |
| Account Payables | $45.8K |
| Short-Term Debt | $0 |
| Deferred Revenue | $12.8K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $285.9K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $163.8K |
| TOTAL LIABILITIES | $449.7K |
| Common Stock | $3.4K |
| Additional Paid-In Capital | $128M |
| Retained Earnings | -$123M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $367.2K |
| Net Debt | -$3M |
