| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $38M | $79M | -27.7% | -65.1% |
| Op. Income | -$32M | -$22M | $12M | -46.3% | -363.9% |
| Gross Margin | 55.7% | 60.1% | 66.3% | -4.4pp | -10.6pp |
| Net Margin | -93.5% | -43.0% | 16.2% | -50.5pp | -109.7pp |
| EPS (Diluted) | $-1.17 | $-0.76 | $0.57 | -53.9% | -305.3% |
| Free Cash Flow | -$9M | $10M | $6M | -189.9% | -252.4% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $15M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $60M |
| OPERATING INCOME | -$32M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $23.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $4M |
| EBIT | -$32M |
| EBITDA | -$28M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$157M |
| Sales/Maturities of Investments | $158M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$513.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $544M |
| Net Receivables | $16M |
| Inventory | $64M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $663M |
| PP&E (Net) | $66M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $83M |
| TOTAL ASSETS | $746M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.0K |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $759M |
| Retained Earnings | -$50M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $708M |
| Minority Interest | $0 |
| TOTAL EQUITY | $708M |
| TOTAL LIABILITIES & EQUITY | $746M |
| Total Debt | $9M |
| Net Debt | -$21M |
