| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | — | $43M | — | 15.8% |
| Op. Income | $141.7K | — | $244.0K | — | -41.9% |
| Gross Margin | 6.4% | — | 9.2% | — | -2.9pp |
| Net Margin | -0.1% | — | -0.0% | — | -0.1pp |
| EPS (Diluted) | $-0.01 | — | $-0.00 | — | -535.0% |
| Free Cash Flow | $0 | — | -$6M | — | 100.0% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $3M |
| R&D Expenses | $619.5K |
| Selling & Marketing | $963.7K |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $50M |
| OPERATING INCOME | $141.7K |
| Interest Income | $25.1K |
| Interest Expense | $386.5K |
| Other Income/Expenses | -$198.8K |
| INCOME BEFORE TAX | -$57.1K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$57.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$55.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$55.4K |
| D&A | $751.4K |
| EBIT | $141.7K |
| EBITDA | $893.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$55.4K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $55.4K |
| 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 | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $22M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $58M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $25M |
| Tax Assets | $331.6K |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $63M |
| TOTAL ASSETS | $122M |
| Account Payables | $2M |
| Short-Term Debt | $22M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $21.8K |
| TOTAL LIABILITIES | $35M |
| Common Stock | $0 |
| Additional Paid-In Capital | $71M |
| Retained Earnings | $13M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | -$125.0K |
| TOTAL STOCKHOLDERS' EQUITY | $87M |
| Minority Interest | $376.6K |
| TOTAL EQUITY | $87M |
| TOTAL LIABILITIES & EQUITY | $122M |
| Total Debt | $22M |
| Net Debt | $19M |
