| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $41M | $60M | 14.2% | -21.1% |
| Op. Income | $2M | -$180.0K | $881.0K | 1253.3% | 135.6% |
| Gross Margin | 37.9% | 36.8% | 28.2% | 1.1pp | 9.7pp |
| Net Margin | -1.7% | -7.1% | 0.0% | 5.4pp | -1.8pp |
| EPS (Diluted) | $-3.60 | $-10.38 | $-1.08 | 65.3% | -233.3% |
| Free Cash Flow | $2M | -$2M | -$2M | 195.5% | 219.4% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $18M |
| R&D Expenses | $525.0K |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $45M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$556.0K |
| Income Tax Expense | $255.0K |
| Net Income from Continuing Ops | -$811.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$811.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $2M |
| EBIT | $2M |
| EBITDA | $5M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$811.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $511.0K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$19.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19.0K |
| Net Debt Issuance | $2M |
| 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 | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $38M |
| Inventory | $37M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $101M |
| PP&E (Net) | $5M |
| Goodwill | $25M |
| Intangible Assets | $50M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $827.0K |
| TOTAL NON-CURRENT ASSETS | $81M |
| TOTAL ASSETS | $182M |
| Account Payables | $15M |
| Short-Term Debt | $4M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $95M |
| TOTAL LIABILITIES | $131M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $118M |
| Retained Earnings | -$69M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $182M |
| Total Debt | $51M |
| Net Debt | $35M |
