| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $6M | $3M | 5.7% | 80.4% |
| Op. Income | -$20M | -$17M | -$18M | -16.2% | -6.5% |
| Gross Margin | -125.3% | 91.0% | 90.1% | -216.2pp | -215.3pp |
| Net Margin | -289.8% | -259.5% | -531.5% | -30.3pp | 241.8pp |
| EPS (Diluted) | $-0.67 | $-0.57 | $-0.87 | -17.5% | 23.0% |
| Free Cash Flow | -$17M | -$23M | -$11M | 23.1% | -59.2% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $14M |
| GROSS PROFIT | -$8M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | -$13M |
| Operating Expenses | $12M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$20M |
| Interest Income | $2M |
| Interest Expense | $58.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $43.0K |
| EBIT | -$20M |
| EBITDA | -$20M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $43.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$689.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $51M |
| NET CASH FROM INVESTING | $51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $313.0K |
| NET CASH FROM FINANCING | $313.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $67M |
| Net Receivables | $4M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $145M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $151M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $368M |
| Retained Earnings | -$236M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $131M |
| Minority Interest | $0 |
| TOTAL EQUITY | $131M |
| TOTAL LIABILITIES & EQUITY | $151M |
| Total Debt | $1M |
| Net Debt | -$67M |
