| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $0 | 10.2% | — |
| Op. Income | -$14M | -$13M | -$12M | -5.9% | -17.6% |
| Gross Margin | -506.3% | -496.3% | — | -9.9pp | — |
| Net Margin | -592.3% | -651.3% | — | 58.9pp | — |
| EPS (Diluted) | $-24.00 | $-29.25 | $-18.75 | 17.9% | -28.0% |
| Free Cash Flow | $2M | -$12M | -$10M | 116.9% | 120.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $13M |
| GROSS PROFIT | -$11M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$13M |
| Operating Expenses | $3M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$14M |
| Interest Income | $1M |
| Interest Expense | $127.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $18.0K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$24 |
| EPS Diluted | -$24 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $74.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $970.0K |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | -$406.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$71.0K |
| NET CASH FROM FINANCING | -$432.0K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $23M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $206.0K |
| TOTAL CURRENT ASSETS | $124M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $536.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $126M |
| Account Payables | $945.0K |
| Short-Term Debt | $2M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $202.0K |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $272M |
| Retained Earnings | -$175M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $97M |
| Minority Interest | $0 |
| TOTAL EQUITY | $97M |
| TOTAL LIABILITIES & EQUITY | $126M |
| Total Debt | $6M |
| Net Debt | -$92M |
