| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $38M | $40M | 16.8% | 11.7% |
| Op. Income | -$4M | -$13M | -$3M | 71.1% | -7.4% |
| Gross Margin | 65.4% | 60.2% | 62.7% | 5.2pp | 2.7pp |
| Net Margin | -6.2% | -27.3% | -7.2% | 21.1pp | 1.0pp |
| EPS (Diluted) | $-0.19 | $-0.71 | $-0.20 | 73.2% | 5.0% |
| Free Cash Flow | -$10M | -$5M | $1M | -94.7% | -949.3% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $29M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $561.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$329.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $4M |
| EBIT | -$4M |
| EBITDA | -$81.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$904.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$429.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $43M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $152M |
| PP&E (Net) | $78M |
| Goodwill | $7M |
| Intangible Assets | $71M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $177M |
| TOTAL ASSETS | $329M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $401.0K |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $55M |
| Common Stock | $147.0K |
| Additional Paid-In Capital | $82M |
| Retained Earnings | $198M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $274M |
| Minority Interest | $0 |
| TOTAL EQUITY | $274M |
| TOTAL LIABILITIES & EQUITY | $329M |
| Total Debt | $30M |
| Net Debt | -$35M |
