| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $192M | — | $236M | — | -18.6% |
| Op. Income | $1M | — | $2M | — | -3.4% |
| Gross Margin | 2.1% | — | 1.7% | — | 0.4pp |
| Net Margin | 0.6% | — | 0.5% | — | 0.1pp |
| EPS (Diluted) | $0.05 | — | $0.05 | — | -9.8% |
| Free Cash Flow | -$8M | — | $751.2K | — | -1135.5% |
| Item | Amount |
|---|---|
| REVENUE | $192M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $601.1K |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $1M |
| Interest Income | $116.4K |
| Interest Expense | $0 |
| Other Income/Expenses | -$94.6K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $246.7K |
| 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 | $69.7K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $192M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $601.1K |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $1M |
| Interest Income | $116.4K |
| Interest Expense | $0 |
| Other Income/Expenses | -$94.6K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $246.7K |
| 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 | $69.7K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $131.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$541.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$541.8K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $31M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $53M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $54M |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $458.0K |
| Other Current Liabilities | $9.0K |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $165.0K |
| TOTAL LIABILITIES | $28M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $13M |
| Retained Earnings | $13M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $54M |
| Total Debt | $291.0K |
| Net Debt | -$10M |
