| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $2M | 51.2% | 55.9% |
| Op. Income | -$16M | -$22M | -$26M | 26.3% | 37.0% |
| Gross Margin | 82.1% | 76.8% | 59.1% | 5.2pp | 23.0pp |
| Net Margin | -509.9% | -1061.1% | -574.1% | 551.1pp | 64.2pp |
| EPS (Diluted) | $-0.13 | $-0.19 | $0.21 | 31.6% | -161.9% |
| Free Cash Flow | -$19M | -$20M | -$27M | 6.6% | 30.2% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $597.0K |
| GROSS PROFIT | $3M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$16M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$730.0K |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $3M |
| EBIT | -$15M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $143.0K |
| Other Non-Cash Items | -$39.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$931.0K |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $152.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $84M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $118M |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $130.0K |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $168M |
| Account Payables | $947.0K |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $833.0K |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $49M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $437M |
| Retained Earnings | -$319M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $999 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $168M |
| Total Debt | $36M |
| Net Debt | $15M |
