| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $8M | $9M | 9.0% | -9.4% |
| Op. Income | -$2M | -$3M | -$2M | 24.1% | -15.8% |
| Gross Margin | 52.3% | 58.0% | 54.8% | -5.6pp | -2.5pp |
| Net Margin | -38.2% | -37.5% | -20.8% | -0.7pp | -17.4pp |
| EPS (Diluted) | $-0.09 | $-0.08 | $-0.05 | -10.9% | -65.5% |
| Free Cash Flow | -$756.0K | -$3M | -$887.0K | 71.0% | 14.8% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $4M |
| R&D Expenses | $374.0K |
| Selling & Marketing | $3M |
| General & Administrative | $2M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$2M |
| Interest Income | $21.0K |
| Interest Expense | $298.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $1M |
| EBIT | -$3M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $352.0K |
| Deferred Income Tax | $890.0K |
| Other Non-Cash Items | $42.0K |
| Change in Working Capital | $548.0K |
| OPERATING CASH FLOW | $175.0K |
| Capital Expenditure | -$931.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$931.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$756.0K |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $6M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $9M |
| Goodwill | $9M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $71.0K |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $55M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $306.0K |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $35.0K |
| Additional Paid-In Capital | $250M |
| Retained Earnings | -$233M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | $0 |
| TOTAL EQUITY | $17M |
| TOTAL LIABILITIES & EQUITY | $55M |
| Total Debt | $16M |
| Net Debt | $7M |
