| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $11M | $10M | 38.8% | 54.1% |
| Op. Income | $3M | $458.0K | $717.0K | 660.9% | 386.1% |
| Gross Margin | 53.4% | 42.0% | 47.0% | 11.4pp | 6.4pp |
| Net Margin | 25.1% | 5.5% | 7.5% | 19.6pp | 17.7pp |
| EPS (Diluted) | $0.13 | $0.02 | $0.03 | 524.9% | 406.3% |
| Free Cash Flow | -$210.0K | $5M | $3M | -103.9% | -106.4% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $8M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $3M |
| Interest Income | $263.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $258.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $18.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $102.0K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $8M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $3M |
| Interest Income | $263.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $258.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $18.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $102.0K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $102.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $753.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$195.0K |
| Capital Expenditure | -$15.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$37.0K |
| NET CASH FROM FINANCING | $620.0K |
| FREE CASH FLOW | -$210.0K |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $18M |
| Net Receivables | $10M |
| Inventory | $18M |
| Other Current Assets | $823.0K |
| TOTAL CURRENT ASSETS | $66M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $80.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $104.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $68M |
| Account Payables | $4M |
| Short-Term Debt | $551.0K |
| Deferred Revenue | $119.0K |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $25.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40.0K |
| TOTAL NON-CURRENT LIABILITIES | $130.0K |
| TOTAL LIABILITIES | $11M |
| Common Stock | $277.0K |
| Additional Paid-In Capital | $119M |
| Retained Earnings | -$63M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$155.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $57M |
| Minority Interest | $0 |
| TOTAL EQUITY | $57M |
| TOTAL LIABILITIES & EQUITY | $68M |
| Total Debt | $616.0K |
| Net Debt | -$18M |
