| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $3M | $13M | 162.6% | -49.4% |
| Op. Income | -$34M | -$37M | -$12M | 8.1% | -192.5% |
| Gross Margin | 62.1% | 28.0% | 85.8% | 34.1pp | -23.6pp |
| Net Margin | -513.0% | -1543.5% | -108.8% | 1030.5pp | -404.2pp |
| EPS (Diluted) | $-4.18 | $-4.81 | $-1.77 | 13.0% | -136.0% |
| Free Cash Flow | -$26M | -$35M | -$4M | 26.2% | -521.9% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $4M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $8M |
| Operating Expenses | $39M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$34M |
| Interest Income | $0 |
| Interest Expense | $697.7K |
| Other Income/Expenses | $559.3K |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | -$66.6K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $65.6K |
| EBIT | -$33M |
| EBITDA | -$33M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $65.6K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$81.7K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$141.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$141.6K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $8M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $43M |
| PP&E (Net) | $6M |
| Goodwill | $7M |
| Intangible Assets | $41.7K |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $778.7K |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $70M |
| Account Payables | $17M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32.9K |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $54M |
| Common Stock | $847.6K |
| Additional Paid-In Capital | $265M |
| Retained Earnings | -$241M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$581.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | $0 |
| TOTAL EQUITY | $17M |
| TOTAL LIABILITIES & EQUITY | $70M |
| Total Debt | $17M |
| Net Debt | -$7M |
