| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $2M | -39.5% | -25.8% |
| Op. Income | -$3M | -$3M | -$2M | -15.4% | -27.2% |
| Gross Margin | 37.1% | 39.6% | 18.8% | -2.5pp | 18.3pp |
| Net Margin | -255.5% | -152.0% | -133.0% | -103.5pp | -122.5pp |
| EPS (Diluted) | $-6.85 | $-11.58 | $-14.81 | 40.8% | 53.7% |
| Free Cash Flow | -$4M | -$5M | -$3M | 11.2% | -43.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $862.6K |
| GROSS PROFIT | $507.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $165.9K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$3M |
| Interest Income | $187.7K |
| Interest Expense | $187.7K |
| Other Income/Expenses | -$448.9K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $76.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $79.0K |
| Stock-Based Compensation | $240.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4.4K |
| Change in Working Capital | $535.2K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $899.6K |
| Inventory | $1M |
| Other Current Assets | $111.5K |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $54.1K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $20M |
| Account Payables | $3M |
| Short-Term Debt | $2M |
| Deferred Revenue | $91.9K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $8M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $48M |
| Retained Earnings | -$35M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $0 |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $20M |
| Total Debt | $2M |
| Net Debt | -$6M |
