| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | — | $14M | — | 3.4% |
| Op. Income | $3M | — | $3M | — | 7.1% |
| Gross Margin | 33.3% | — | 29.5% | — | 3.9pp |
| Net Margin | 15.0% | — | 18.6% | — | -3.6pp |
| EPS (Diluted) | $2.36 | — | $3.04 | — | -22.4% |
| Free Cash Flow | -$2M | — | -$4M | — | 40.9% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $5M |
| R&D Expenses | $130.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $3M |
| Interest Income | $8.7K |
| Interest Expense | $178.6K |
| Other Income/Expenses | -$372.5K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $510.1K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $397.1K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $5M |
| R&D Expenses | $130.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $11M |
| OPERATING INCOME | $3M |
| Interest Income | $8.7K |
| Interest Expense | $178.6K |
| Other Income/Expenses | -$372.5K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $510.1K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $397.1K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $397.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$25.7K |
| Other Non-Cash Items | $114.8K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$18.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18.1K |
| Net Debt Issuance | -$285.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$298.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $542.3K |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $2M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $24M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $373.8K |
| Long-Term Investments | $23M |
| Tax Assets | $29.0K |
| Other Non-Current Assets | -$23M |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $47M |
| Account Payables | $324.2K |
| Short-Term Debt | $5M |
| Deferred Revenue | $989.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $30.3K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2 |
| TOTAL NON-CURRENT LIABILITIES | $243.3K |
| TOTAL LIABILITIES | $12M |
| Common Stock | $1.1K |
| Additional Paid-In Capital | $18M |
| Retained Earnings | $17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $244.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $513.4K |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $47M |
| Total Debt | $5M |
| Net Debt | $5M |
