| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $30M | $37M | -2.1% | -21.1% |
| Op. Income | -$1M | -$223.0K | $3M | -478.0% | -146.8% |
| Gross Margin | 40.5% | 39.6% | 41.5% | 0.8pp | -1.0pp |
| Net Margin | -6.2% | -1.3% | 7.4% | -4.9pp | -13.6pp |
| EPS (Diluted) | $-0.12 | $-0.03 | $0.18 | -361.5% | -166.7% |
| Free Cash Flow | $3M | -$2M | $2M | 266.0% | 51.5% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $12M |
| R&D Expenses | $1M |
| Selling & Marketing | $3M |
| General & Administrative | $6M |
| SG&A Expenses | $8M |
| Other Expenses | $3M |
| Operating Expenses | $13M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$1M |
| Interest Income | $52.0K |
| Interest Expense | $327.0K |
| Other Income/Expenses | -$461.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $82.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $3M |
| EBIT | -$1M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $38.0K |
| Other Non-Cash Items | $889.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$80.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$53.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$495.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $402.0K |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $9M |
| Goodwill | $61M |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $737.0K |
| TOTAL NON-CURRENT ASSETS | $99M |
| TOTAL ASSETS | $127M |
| Account Payables | $5M |
| Short-Term Debt | $5.0K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $370.0K |
| Deferred Tax Liabilities | $589.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $127M |
| Retained Earnings | -$28M |
| Treasury Stock | -$662.0K |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $94M |
| Minority Interest | $0 |
| TOTAL EQUITY | $94M |
| TOTAL LIABILITIES & EQUITY | $127M |
| Total Debt | $15M |
| Net Debt | $7M |
