| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $83M | $80M | 7.2% | 11.1% |
| Op. Income | $8M | -$4M | $5M | 298.8% | 69.0% |
| Gross Margin | 65.1% | 64.6% | 64.9% | 0.5pp | 0.1pp |
| Net Margin | -3.8% | -16.3% | -5.3% | 12.5pp | 1.5pp |
| EPS (Diluted) | $-0.08 | $-0.33 | $-0.11 | 74.8% | 24.5% |
| Free Cash Flow | $5M | -$9M | -$10M | 152.7% | 146.8% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $58M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | -$14M |
| Operating Expenses | $50M |
| Cost & Expenses | $82M |
| OPERATING INCOME | $8M |
| Interest Income | $265.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $725.0K |
| 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 | $6M |
| EBIT | $4M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $27.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $0 |
| Net Receivables | $69M |
| Inventory | $78M |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $264M |
| PP&E (Net) | $79M |
| Goodwill | $246M |
| Intangible Assets | $177M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $514M |
| TOTAL ASSETS | $778M |
| Account Payables | $10M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $306M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $439M |
| TOTAL LIABILITIES | $495M |
| Common Stock | $424.0K |
| Additional Paid-In Capital | $347M |
| Retained Earnings | -$34M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $283M |
| Minority Interest | $0 |
| TOTAL EQUITY | $283M |
| TOTAL LIABILITIES & EQUITY | $778M |
| Total Debt | $355M |
| Net Debt | $306M |
