| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $8M | $12M | 36.8% | -1.0% |
| Op. Income | -$992.0K | -$2M | -$3M | 50.3% | 62.1% |
| Gross Margin | 53.9% | 62.4% | 52.7% | -8.5pp | 1.2pp |
| Net Margin | -9.7% | -25.6% | -25.8% | 15.9pp | 16.1pp |
| EPS (Diluted) | $-0.05 | $-0.10 | $-0.13 | 48.2% | 60.8% |
| Free Cash Flow | $1M | -$4M | -$7M | 129.8% | 115.8% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $7M |
| Operating Expenses | $7M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$992.0K |
| Interest Income | $143.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$107.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $17.0K |
| 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 | $638.0K |
| EBIT | -$992.0K |
| EBITDA | -$354.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $306.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $71.0K |
| Change in Working Capital | $261.0K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | $58.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $58.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $934.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $17M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $38M |
| PP&E (Net) | $7M |
| Goodwill | $2M |
| Intangible Assets | $4M |
| Long-Term Investments | $183.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $53M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $424.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $199.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $128M |
| Retained Earnings | -$65M |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44M |
| Minority Interest | $0 |
| TOTAL EQUITY | $44M |
| TOTAL LIABILITIES & EQUITY | $53M |
| Total Debt | $2M |
| Net Debt | -$13M |
