| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $42M | $21M | 26.3% | 155.7% |
| Op. Income | -$906.0K | -$2M | -$10M | 56.6% | 90.7% |
| Gross Margin | 70.0% | 69.2% | 69.9% | 0.8pp | 0.1pp |
| Net Margin | -1.9% | -6.3% | -56.2% | 4.4pp | 54.2pp |
| EPS (Diluted) | $-0.03 | $-0.08 | $-0.41 | 62.3% | 92.5% |
| Free Cash Flow | -$7M | -$10M | -$13M | 25.1% | 46.2% |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $37M |
| R&D Expenses | $8M |
| Selling & Marketing | $1M |
| General & Administrative | $28M |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$906.0K |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$74.0K |
| INCOME BEFORE TAX | -$980.0K |
| Income Tax Expense | $21.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $1M |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $393M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $394M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $387M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $582M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $31M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $663M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $750.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $59.0K |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $690M |
| Account Payables | $7M |
| Short-Term Debt | $2M |
| Deferred Revenue | $244.0K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $505M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $513M |
| TOTAL LIABILITIES | $545M |
| Common Stock | $628M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$482M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$220.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $145M |
| Minority Interest | $0 |
| TOTAL EQUITY | $145M |
| TOTAL LIABILITIES & EQUITY | $690M |
| Total Debt | $515M |
| Net Debt | -$67M |
