| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $4M | $4M | -16.4% | -11.0% |
| Op. Income | -$731.0K | -$855.0K | -$964.0K | 14.5% | 24.2% |
| Gross Margin | 46.1% | 41.3% | 33.1% | 4.8pp | 13.0pp |
| Net Margin | -30.5% | -22.3% | -2.7% | -8.3pp | -27.9pp |
| EPS (Diluted) | $-3.28 | $-2.86 | $-0.43 | -14.7% | -668.8% |
| Free Cash Flow | -$2M | -$2M | -$1M | -19.2% | -39.6% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $200.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$731.0K |
| Interest Income | $3.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$186.0K |
| INCOME BEFORE TAX | -$917.0K |
| Income Tax Expense | $100.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $28.0K |
| EBIT | -$731.0K |
| EBITDA | -$703.0K |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $28.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $40.0K |
| Other Non-Cash Items | $113.0K |
| Change in Working Capital | -$994.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$25.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$162.0K |
| NET CASH FROM INVESTING | -$187.0K |
| Net Debt Issuance | -$215.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $37.0K |
| NET CASH FROM FINANCING | -$178.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $215.0K |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $835.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $957.0K |
| Other Non-Current Assets | $777.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $15M |
| Account Payables | $1M |
| Short-Term Debt | $229.0K |
| Deferred Revenue | $153.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $15.0K |
| Deferred Revenue NC | $138.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $198M |
| Retained Earnings | -$186M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $774.0K |
| Net Debt | -$3M |
