| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98M | $95M | $164M | 3.2% | -40.4% |
| Op. Income | -$11M | -$22M | -$16M | 50.8% | 33.4% |
| Gross Margin | 22.0% | 15.9% | 17.9% | 6.0pp | 4.1pp |
| Net Margin | -10.8% | -21.2% | -9.6% | 10.4pp | -1.1pp |
| EPS (Diluted) | $-0.68 | $-1.31 | $-1.03 | 48.2% | 34.1% |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $21M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$11M |
| Interest Income | $896.4K |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $0 |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $777.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $155M |
| Short-Term Investments | $5M |
| Net Receivables | $94M |
| Inventory | $108M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $381M |
| PP&E (Net) | $17M |
| Goodwill | $10M |
| Intangible Assets | $16M |
| Long-Term Investments | $248M |
| Tax Assets | $38M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $338M |
| TOTAL ASSETS | $718M |
| Account Payables | $64M |
| Short-Term Debt | $104M |
| Deferred Revenue | $567.5K |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $198M |
| Long-Term Debt | $123M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $154M |
| TOTAL LIABILITIES | $351M |
| Common Stock | $23.9K |
| Additional Paid-In Capital | $251M |
| Retained Earnings | $107M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $365M |
| Minority Interest | $2M |
| TOTAL EQUITY | $367M |
| TOTAL LIABILITIES & EQUITY | $718M |
| Total Debt | $229M |
| Net Debt | $74M |
