| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $56M | $42M | -14.7% | 14.5% |
| Op. Income | $6M | $20M | $13M | -71.8% | -54.2% |
| Gross Margin | 63.6% | 77.5% | 84.3% | -13.8pp | -20.7pp |
| Net Margin | 11.9% | 28.4% | 25.7% | -16.5pp | -13.8pp |
| EPS (Diluted) | $0.24 | $0.67 | $0.44 | -64.2% | -45.5% |
| Free Cash Flow | $3M | $21M | $13M | -84.9% | -75.4% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $31M |
| R&D Expenses | $0 |
| Selling & Marketing | $431.0K |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $10M |
| Operating Expenses | $25M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $6M |
| Interest Income | $43M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $54.0K |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $2M |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $31M |
| R&D Expenses | $0 |
| Selling & Marketing | $431.0K |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $10M |
| Operating Expenses | $25M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $6M |
| Interest Income | $43M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $54.0K |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $2M |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $431.0K |
| Deferred Income Tax | $430.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | -$76M |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $44M |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $821M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $875M |
| PP&E (Net) | $75M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $198M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $0 |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.6B |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $407M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $455M |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $23M |
| Additional Paid-In Capital | $96M |
| Retained Earnings | $307M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$82M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $344M |
| Minority Interest | $0 |
| TOTAL EQUITY | $344M |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $415M |
| Net Debt | $362M |
