| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $42M | $35M | -3.5% | 16.7% |
| Op. Income | $12M | $5M | $11M | 167.4% | 15.1% |
| Gross Margin | 88.4% | 87.1% | 87.1% | 1.2pp | 1.2pp |
| Net Margin | 20.7% | -8.2% | 22.3% | 28.9pp | -1.6pp |
| EPS (Diluted) | $1.95 | $-1.02 | $2.40 | 290.3% | -18.8% |
| Free Cash Flow | $18M | $23M | $14M | -20.0% | 26.0% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $36M |
| R&D Expenses | $503.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $23M |
| Operating Expenses | $24M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $751.0K |
| Other Income/Expenses | -$90.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $4M |
| 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 | $6M |
| EBIT | $16M |
| EBITDA | $23M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $36M |
| R&D Expenses | $503.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $23M |
| Operating Expenses | $24M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $751.0K |
| Other Income/Expenses | -$90.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $4M |
| 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 | $6M |
| EBIT | $16M |
| EBITDA | $23M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$18.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $804.0K |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$423.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$703.0K |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $0 |
| Net Receivables | $42M |
| Inventory | $19M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $134M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $185M |
| Long-Term Investments | $0 |
| Tax Assets | $82M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $272M |
| TOTAL ASSETS | $405M |
| Account Payables | $11M |
| Short-Term Debt | $229.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $67M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $38M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $151M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $569M |
| Retained Earnings | -$315M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $254M |
| Minority Interest | $0 |
| TOTAL EQUITY | $254M |
| TOTAL LIABILITIES & EQUITY | $405M |
| Total Debt | $40M |
| Net Debt | -$30M |
