| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $133M | $125M | $148M | 6.3% | -10.3% |
| Op. Income | $4M | $3M | $11M | 15.0% | -65.3% |
| Gross Margin | 32.3% | 30.9% | 40.4% | 1.5pp | -8.1pp |
| Net Margin | -0.8% | 1.5% | 4.6% | -2.3pp | -5.4pp |
| EPS (Diluted) | $-0.04 | $0.07 | $0.23 | -156.1% | -116.1% |
| Free Cash Flow | -$60M | -$44M | $3M | -35.6% | -2320.8% |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $43M |
| R&D Expenses | $9M |
| Selling & Marketing | $13M |
| General & Administrative | $17M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $488.0K |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $5M |
| EBIT | $4M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $888.0K |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $747.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $64M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$851.0K |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $54M |
| FREE CASH FLOW | -$60M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $168M |
| Inventory | $238M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $438M |
| PP&E (Net) | $97M |
| Goodwill | $48M |
| Intangible Assets | $179M |
| Long-Term Investments | $3M |
| Tax Assets | $293.0K |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $335M |
| TOTAL ASSETS | $773M |
| Account Payables | $79M |
| Short-Term Debt | $5M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $94M |
| TOTAL CURRENT LIABILITIES | $205M |
| Long-Term Debt | $161M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $198M |
| TOTAL LIABILITIES | $404M |
| Common Stock | $3M |
| Additional Paid-In Capital | $107M |
| Retained Earnings | $328M |
| Treasury Stock | -$63M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $369M |
| Minority Interest | $0 |
| TOTAL EQUITY | $369M |
| TOTAL LIABILITIES & EQUITY | $773M |
| Total Debt | $185M |
| Net Debt | $170M |
