| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$892.5K | $310.1K | $358.0K | -387.8% | -349.3% |
| Op. Income | -$17M | -$20M | -$13M | 11.6% | -36.6% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 1958.9% | -6377.4% | -3573.9% | 8336.3pp | 5532.8pp |
| EPS (Diluted) | $-2.54 | $-2.87 | $-1.99 | 11.5% | -27.6% |
| Free Cash Flow | -$16M | -$16M | -$12M | -1.4% | -42.3% |
| Item | Amount |
|---|---|
| REVENUE | -$892.5K |
| Cost of Revenue | $0 |
| GROSS PROFIT | -$892.5K |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $300 |
| Operating Expenses | $17M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$17M |
| Interest Income | $15.1K |
| Interest Expense | $9.0K |
| Other Income/Expenses | $6.1K |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $132.6K |
| EBIT | -$17M |
| EBITDA | -$17M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $132.6K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$21.9K |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$24.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24.4K |
| Net Debt Issuance | -$308.2K |
| Common Stock Repurchased | -$30.2K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4.5K |
| NET CASH FROM FINANCING | -$334.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $154.1K |
| Inventory | $0 |
| Other Current Assets | $179.4K |
| TOTAL CURRENT ASSETS | $37M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $763.4K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $41M |
| Account Payables | $3M |
| Short-Term Debt | $730.0K |
| Deferred Revenue | $712.3K |
| Other Current Liabilities | $310.9K |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $207.0K |
| Additional Paid-In Capital | $338M |
| Retained Earnings | -$305M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | $0 |
| TOTAL EQUITY | $30M |
| TOTAL LIABILITIES & EQUITY | $41M |
| Total Debt | $4M |
| Net Debt | -$32M |
