| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $3M | $12M | 32.6% | -62.5% |
| Op. Income | -$1M | -$3M | $5M | 61.7% | -124.7% |
| Gross Margin | 57.9% | 47.5% | 68.3% | 10.3pp | -10.5pp |
| Net Margin | -8.4% | -55.5% | 29.2% | 47.1pp | -37.6pp |
| EPS (Diluted) | $-0.02 | $-0.12 | $0.21 | 80.5% | -111.1% |
| Free Cash Flow | $713.0K | -$6M | $2M | 111.5% | -61.5% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $3M |
| R&D Expenses | $822.0K |
| Selling & Marketing | $2M |
| General & Administrative | $1M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$1M |
| Interest Income | $245.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $245.0K |
| INCOME BEFORE TAX | -$882.0K |
| Income Tax Expense | -$502.0K |
| Net Income from Continuing Ops | -$380.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$380.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$380.0K |
| D&A | $83.0K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$380.0K |
| Depreciation & Amortization | $128.0K |
| Stock-Based Compensation | $66.0K |
| Deferred Income Tax | -$501.0K |
| Other Non-Cash Items | $123.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $742.0K |
| Capital Expenditure | -$29.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$29.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $713.0K |
| Net Change in Cash | $713.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $10M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $1.0K |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $374.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $52M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $692.0K |
| Other Current Liabilities | $379.0K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $116.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $814.0K |
| TOTAL LIABILITIES | $6M |
| Common Stock | $169.0K |
| Additional Paid-In Capital | $45M |
| Retained Earnings | $4M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $52M |
| Total Debt | $879.0K |
| Net Debt | -$19M |
