| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $31M | $30M | 4.0% | 8.1% |
| Op. Income | $1M | $764.0K | $3M | 61.6% | -64.2% |
| Gross Margin | 35.3% | 34.6% | 42.6% | 0.7pp | -7.3pp |
| Net Margin | 1.8% | 1.4% | 23.5% | 0.4pp | -21.7pp |
| EPS (Diluted) | $0.08 | $0.06 | $0.96 | 32.5% | -91.7% |
| Free Cash Flow | -$2M | -$2M | $966.0K | -39.3% | -340.0% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $11M |
| R&D Expenses | $2M |
| Selling & Marketing | $6M |
| General & Administrative | $3M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $31M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $210.0K |
| Other Income/Expenses | -$431.0K |
| INCOME BEFORE TAX | $804.0K |
| Income Tax Expense | $220.0K |
| Net Income from Continuing Ops | $584.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $584.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $584.0K |
| D&A | $908.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $11M |
| R&D Expenses | $2M |
| Selling & Marketing | $6M |
| General & Administrative | $3M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $31M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $210.0K |
| Other Income/Expenses | -$431.0K |
| INCOME BEFORE TAX | $804.0K |
| Income Tax Expense | $220.0K |
| Net Income from Continuing Ops | $584.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $584.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $584.0K |
| D&A | $908.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $584.0K |
| Depreciation & Amortization | $908.0K |
| Stock-Based Compensation | $235.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$113.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$113.0K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$500.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $42M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $68M |
| PP&E (Net) | $11M |
| Goodwill | $12M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $116M |
| Account Payables | $8M |
| Short-Term Debt | $6M |
| Deferred Revenue | $281.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $627.0K |
| Deferred Tax Liabilities | $127.0K |
| Other Non-Current Liabilities | $399.0K |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $533.0K |
| Additional Paid-In Capital | $60M |
| Retained Earnings | $58M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $81M |
| Minority Interest | $0 |
| TOTAL EQUITY | $81M |
| TOTAL LIABILITIES & EQUITY | $116M |
| Total Debt | $20M |
| Net Debt | $16M |
