| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $58M | $51M | 6.1% | 20.0% |
| Op. Income | -$914.0K | -$9M | -$320.0K | 89.3% | -185.6% |
| Gross Margin | 30.1% | 24.5% | 31.3% | 5.6pp | -1.2pp |
| Net Margin | -0.9% | -14.8% | -0.9% | 13.9pp | -0.0pp |
| EPS (Diluted) | $-0.01 | $-0.12 | $-0.01 | 91.7% | 0.0% |
| Free Cash Flow | -$12M | -$14M | -$6M | 17.5% | -89.5% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $18M |
| R&D Expenses | $5M |
| Selling & Marketing | $3M |
| General & Administrative | $7M |
| SG&A Expenses | $10M |
| Other Expenses | $4M |
| Operating Expenses | $19M |
| Cost & Expenses | $62M |
| OPERATING INCOME | -$914.0K |
| Interest Income | $878.0K |
| Interest Expense | $518.0K |
| Other Income/Expenses | $383.0K |
| INCOME BEFORE TAX | -$531.0K |
| Income Tax Expense | $42.0K |
| Net Income from Continuing Ops | -$573.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$573.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$573.0K |
| D&A | $2M |
| EBIT | -$13.0K |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$573.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $160.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$36M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | -$195.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $27M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $112M |
| PP&E (Net) | $22M |
| Goodwill | $92M |
| Intangible Assets | $30M |
| Long-Term Investments | $15M |
| Tax Assets | $217.0K |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $163M |
| TOTAL ASSETS | $275M |
| Account Payables | $49M |
| Short-Term Debt | $1M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $217.0K |
| Deferred Tax Liabilities | $217.0K |
| Other Non-Current Liabilities | -$2M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $121M |
| Common Stock | $474M |
| Additional Paid-In Capital | $474M |
| Retained Earnings | -$322M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$474M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $154M |
| Minority Interest | $0 |
| TOTAL EQUITY | $154M |
| TOTAL LIABILITIES & EQUITY | $275M |
| Total Debt | $41M |
| Net Debt | $13M |
