| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $134M | $131M | $120M | 2.0% | 11.1% |
| Op. Income | -$781.0K | -$10M | -$25M | 92.0% | 96.8% |
| Gross Margin | 34.3% | 35.7% | 38.1% | -1.3pp | -3.8pp |
| Net Margin | -3.6% | -8.5% | -18.2% | 4.9pp | 14.6pp |
| EPS (Diluted) | $-0.17 | $-0.40 | $-0.83 | 57.5% | 79.5% |
| Free Cash Flow | -$17M | -$13M | -$401.0K | -26.0% | -4115.0% |
| Item | Amount |
|---|---|
| REVENUE | $134M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $46M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $5M |
| Operating Expenses | $47M |
| Cost & Expenses | $135M |
| OPERATING INCOME | -$781.0K |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$222.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $8M |
| EBIT | -$781.0K |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$817.0K |
| Other Non-Cash Items | -$900.0K |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$141.0K |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$24.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $135M |
| Inventory | $100M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $276M |
| PP&E (Net) | $102M |
| Goodwill | $348M |
| Intangible Assets | $237M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $707M |
| TOTAL ASSETS | $984M |
| Account Payables | $38M |
| Short-Term Debt | $3M |
| Deferred Revenue | $64M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $186M |
| Long-Term Debt | $164M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $243M |
| TOTAL LIABILITIES | $429M |
| Common Stock | $4M |
| Additional Paid-In Capital | $630M |
| Retained Earnings | $253M |
| Treasury Stock | -$442M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $555M |
| Minority Interest | $0 |
| TOTAL EQUITY | $555M |
| TOTAL LIABILITIES & EQUITY | $984M |
| Total Debt | $219M |
| Net Debt | $197M |
