| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $6M | $5M | -5.3% | 6.4% |
| Op. Income | $855.1K | $1M | $481.2K | -36.5% | 77.7% |
| Gross Margin | 68.3% | 67.1% | 60.8% | 1.3pp | 7.5pp |
| Net Margin | 19.0% | 25.0% | 12.3% | -6.0pp | 6.8pp |
| EPS (Diluted) | $0.09 | $0.12 | $0.05 | -25.8% | 66.0% |
| Free Cash Flow | -$1M | $879.0K | $1M | -255.2% | -223.3% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $4M |
| R&D Expenses | $525.9K |
| Selling & Marketing | $66.6K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $855.1K |
| Interest Income | $170.6K |
| Interest Expense | $0 |
| Other Income/Expenses | $173.4K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $20.0K |
| 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 | $178.8K |
| EBIT | $857.9K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $4M |
| R&D Expenses | $525.9K |
| Selling & Marketing | $66.6K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $855.1K |
| Interest Income | $170.6K |
| Interest Expense | $0 |
| Other Income/Expenses | $173.4K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $20.0K |
| 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 | $178.8K |
| EBIT | $857.9K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $178.8K |
| Stock-Based Compensation | $196.3K |
| Deferred Income Tax | $156.9K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$118.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$36.2K |
| NET CASH FROM INVESTING | -$118.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.8K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2.8K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $11M |
| Other Current Assets | $397.7K |
| TOTAL CURRENT ASSETS | $41M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $138.4K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $51M |
| Account Payables | $776.2K |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $88.3K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $88.3K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $63M |
| Retained Earnings | -$12M |
| Treasury Stock | -$31.2K |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48M |
| Minority Interest | $0 |
| TOTAL EQUITY | $48M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $0 |
| Net Debt | -$23M |
