| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | -10.9% | 14.1% |
| Op. Income | -$950.8K | -$1M | -$426.4K | 12.2% | -123.0% |
| Gross Margin | 11.3% | 4.7% | -2.5% | 6.6pp | 13.7pp |
| Net Margin | -46.1% | -46.2% | -23.1% | 0.0pp | -23.1pp |
| EPS (Diluted) | $-0.20 | $-0.25 | $-0.01 | 20.0% | -2369.1% |
| Free Cash Flow | -$881.3K | -$3M | -$607.3K | 67.5% | -45.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $248.7K |
| R&D Expenses | $0 |
| Selling & Marketing | $26.2K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $11.4K |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$950.8K |
| Interest Income | $0 |
| Interest Expense | $77.7K |
| Other Income/Expenses | -$61.8K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $7.0K |
| 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 | $123.4K |
| EBIT | -$934.9K |
| EBITDA | -$811.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $123.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8.9K |
| Change in Working Capital | $125.6K |
| OPERATING CASH FLOW | -$779.5K |
| Capital Expenditure | -$101.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$101.8K |
| Net Debt Issuance | $17.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $17.6K |
| FREE CASH FLOW | -$881.3K |
| Net Change in Cash | -$863.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $51.1K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $958.9K |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $14M |
| Account Payables | $583.0K |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $1.3K |
| Additional Paid-In Capital | $12M |
| Retained Earnings | -$8M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $10M |
| Net Debt | $7M |
