| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $937.0K | $1M | $1M | -27.1% | -15.4% |
| Op. Income | -$15M | -$15M | -$22M | -1.5% | 30.2% |
| Gross Margin | -29.2% | 27.8% | 100.0% | -57.0pp | -129.2pp |
| Net Margin | -1995.4% | -1455.8% | -1042.6% | -539.6pp | -952.8pp |
| EPS (Diluted) | $-4.22 | $-4.25 | $-2.65 | 0.7% | -59.2% |
| Free Cash Flow | -$17M | -$23M | -$34M | 24.0% | 48.8% |
| Item | Amount |
|---|---|
| REVENUE | $937.0K |
| Cost of Revenue | $1M |
| GROSS PROFIT | -$274.0K |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$15M |
| Interest Income | $794.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $938.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | -$4M |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $1M |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$503.0K |
| Change in Working Capital | $880.0K |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | -$27.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $308.0K |
| NET CASH FROM FINANCING | $281.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $23M |
| Net Receivables | $567.0K |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $393.0K |
| TOTAL NON-CURRENT ASSETS | $80M |
| TOTAL ASSETS | $144M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $164.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $99.0K |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $308M |
| Retained Earnings | -$211M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$144M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $97M |
| Minority Interest | $0 |
| TOTAL EQUITY | $97M |
| TOTAL LIABILITIES & EQUITY | $144M |
| Total Debt | $38M |
| Net Debt | $1M |
