| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $82M | $78M | 4.8% | 9.1% |
| Op. Income | -$8M | -$13M | -$9M | 39.0% | 6.5% |
| Gross Margin | 52.8% | 51.9% | 51.8% | 0.9pp | 1.0pp |
| Net Margin | -9.9% | -15.9% | -10.7% | 6.0pp | 0.7pp |
| EPS (Diluted) | $-0.21 | $-0.33 | $-0.21 | 36.4% | 0.0% |
| Free Cash Flow | $7M | -$26M | $810.0K | 125.9% | 734.3% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $45M |
| R&D Expenses | $7M |
| Selling & Marketing | $26M |
| General & Administrative | $11M |
| SG&A Expenses | $37M |
| Other Expenses | $10M |
| Operating Expenses | $53M |
| Cost & Expenses | $94M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $684.0K |
| Other Income/Expenses | -$936.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$565.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $8M |
| EBIT | -$3M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$618.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$741.0K |
| Acquisitions (Net) | -$540.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$675.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $103.0K |
| NET CASH FROM FINANCING | $103.0K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $63M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $159M |
| PP&E (Net) | $46M |
| Goodwill | $201M |
| Intangible Assets | $142M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $399M |
| TOTAL ASSETS | $558M |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $150M |
| Common Stock | $381.0K |
| Additional Paid-In Capital | $593M |
| Retained Earnings | -$180M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$288.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $408M |
| Minority Interest | $0 |
| TOTAL EQUITY | $408M |
| TOTAL LIABILITIES & EQUITY | $558M |
| Total Debt | $50M |
| Net Debt | $20M |
