| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $4M | -0.3% | 11.1% |
| Op. Income | -$20M | -$20M | -$17M | -0.8% | -16.6% |
| Gross Margin | 10.1% | 10.0% | 22.2% | 0.1pp | -12.1pp |
| Net Margin | -495.0% | 32.0% | 2806.4% | -527.0pp | -3301.4pp |
| EPS (Diluted) | $-0.80 | $0.05 | $-0.60 | -1766.7% | -33.3% |
| Free Cash Flow | -$18M | -$20M | -$14M | 9.7% | -26.2% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $417.0K |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$20M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$555.0K |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $0 |
| NET INCOME | -$20M |
| D&A | $218.0K |
| EBIT | -$18M |
| EBITDA | -$18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $218.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $461.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $48M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $89M |
| Net Receivables | $4M |
| Inventory | $9M |
| Other Current Assets | $235.0K |
| TOTAL CURRENT ASSETS | $138M |
| PP&E (Net) | $925.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $153M |
| Account Payables | $975.0K |
| Short-Term Debt | $483.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $39M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $493.0K |
| Additional Paid-In Capital | $880M |
| Retained Earnings | -$828M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$120.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $90M |
| Minority Interest | $0 |
| TOTAL EQUITY | $90M |
| TOTAL LIABILITIES & EQUITY | $153M |
| Total Debt | $40M |
| Net Debt | $11M |
