| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $40M | $40M | 0.3% | 0.2% |
| Op. Income | -$40M | -$39M | -$37M | -0.3% | -6.4% |
| Gross Margin | 32.2% | 32.2% | 41.0% | -0.0pp | -8.8pp |
| Net Margin | -103.8% | -103.8% | -12.8% | 0.0pp | -91.0pp |
| EPS (Diluted) | $-0.26 | $-0.26 | $-0.03 | 0.0% | -682.9% |
| Free Cash Flow | -$31M | -$31M | — | -0.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $13M |
| R&D Expenses | $4M |
| Selling & Marketing | $3M |
| General & Administrative | $27M |
| SG&A Expenses | $30M |
| Other Expenses | $18M |
| Operating Expenses | $52M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$40M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | -$822.4K |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $948.1K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $2M |
| EBIT | -$40M |
| EBITDA | -$37M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $53M |
| NET CASH FROM FINANCING | $53M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $6M |
| Net Receivables | $51M |
| Inventory | $95M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $264M |
| PP&E (Net) | $81M |
| Goodwill | $15M |
| Intangible Assets | $69M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $175M |
| TOTAL ASSETS | $440M |
| Account Payables | $41M |
| Short-Term Debt | $113M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $181M |
| Long-Term Debt | $66M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $280M |
| Common Stock | $49M |
| Additional Paid-In Capital | $439M |
| Retained Earnings | -$377M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $41M |
| TOTAL STOCKHOLDERS' EQUITY | $160M |
| Minority Interest | $0 |
| TOTAL EQUITY | $160M |
| TOTAL LIABILITIES & EQUITY | $440M |
| Total Debt | $205M |
| Net Debt | $99M |
