| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $4M | $4M | 23.8% | 20.4% |
| Op. Income | $931.0K | -$2M | -$3M | 147.1% | 130.5% |
| Gross Margin | 74.3% | 66.6% | 71.8% | 7.7pp | 2.5pp |
| Net Margin | -155.3% | -346.5% | 42.3% | 191.2pp | -197.7pp |
| EPS (Diluted) | $-4.68 | $-8.53 | $1.13 | 45.1% | -514.2% |
| Free Cash Flow | -$995.0K | -$389.0K | -$2M | -155.8% | 51.9% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $3M |
| R&D Expenses | $139.0K |
| Selling & Marketing | $978.0K |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $187.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $931.0K |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $256.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $256.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$844.0K |
| Capital Expenditure | -$151.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$151.0K |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$557.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$995.0K |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $332.0K |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $900.0K |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $1M |
| Goodwill | $7M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $19M |
| Account Payables | $5M |
| Short-Term Debt | $44M |
| Deferred Revenue | $67.0K |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $215.0K |
| Deferred Tax Liabilities | $28.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $758.0K |
| TOTAL LIABILITIES | $80M |
| Common Stock | $562.0K |
| Additional Paid-In Capital | $153M |
| Retained Earnings | -$215M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$80.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$61M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$61M |
| TOTAL LIABILITIES & EQUITY | $19M |
| Total Debt | $44M |
| Net Debt | $44M |
