| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $11M | 0.0% | -33.2% |
| Op. Income | -$838.1K | -$838.1K | -$4M | 0.0% | 76.3% |
| Gross Margin | 27.5% | 27.5% | 35.1% | 0.0pp | -7.6pp |
| Net Margin | -12.7% | -12.7% | -19.0% | 0.0pp | 6.3pp |
| EPS (Diluted) | $-0.55 | $-0.55 | $-1.31 | 0.0% | 58.0% |
| Free Cash Flow | -$617.3K | -$617.3K | -$7M | 0.0% | 91.5% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $2M |
| R&D Expenses | $792.9K |
| Selling & Marketing | $107.6K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$838.1K |
| Interest Income | $130.9K |
| Interest Expense | $261.8K |
| Other Income/Expenses | -$39.8K |
| INCOME BEFORE TAX | -$877.9K |
| Income Tax Expense | $17.3K |
| Net Income from Continuing Ops | -$895.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$9.4K |
| NET INCOME | -$895.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$895.2K |
| D&A | $655.3K |
| EBIT | -$838.1K |
| EBITDA | -$182.8K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$904.5K |
| Depreciation & Amortization | $655.3K |
| Stock-Based Compensation | $696.3K |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $611.3K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$335.1K |
| Capital Expenditure | -$282.2K |
| Acquisitions (Net) | -$10.7K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $118.8K |
| NET CASH FROM INVESTING | -$174.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $173.2K |
| NET CASH FROM FINANCING | $173.2K |
| FREE CASH FLOW | -$617.3K |
| Net Change in Cash | -$554.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $460.1K |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $6M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $7M |
| Goodwill | $58.9K |
| Intangible Assets | $1M |
| Long-Term Investments | $68.7K |
| Tax Assets | -$1M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $28M |
| Account Payables | $2M |
| Short-Term Debt | $10M |
| Deferred Revenue | $815.4K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4.9K |
| TOTAL LIABILITIES | $19M |
| Common Stock | $163M |
| Additional Paid-In Capital | $22M |
| Retained Earnings | -$210M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $28M |
| Total Debt | $7M |
| Net Debt | $6M |
