| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $99M | $73M | $109M | 36.7% | -8.5% |
| Op. Income | $6M | $4M | $10M | 51.8% | -42.0% |
| Gross Margin | 21.3% | 21.3% | 18.3% | 0.0pp | 3.0pp |
| Net Margin | 0.8% | 2.1% | 6.6% | -1.3pp | -5.8pp |
| EPS (Diluted) | $0.06 | $0.11 | $0.50 | -49.9% | -89.0% |
| Free Cash Flow | -$1M | $8M | $1M | -115.7% | -195.1% |
| Item | Amount |
|---|---|
| REVENUE | $99M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $5M |
| Operating Expenses | $15M |
| Cost & Expenses | $93M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $381.0K |
| Net Income from Continuing Ops | $805.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $805.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $805.0K |
| D&A | $5M |
| EBIT | $5M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $99M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $5M |
| Operating Expenses | $15M |
| Cost & Expenses | $93M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $381.0K |
| Net Income from Continuing Ops | $805.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $805.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $805.0K |
| D&A | $5M |
| EBIT | $5M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $805.0K |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $800.0K |
| Deferred Income Tax | $13.0K |
| Other Non-Cash Items | $628.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$79.0K |
| Acquisitions (Net) | -$753.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$832.0K |
| Net Debt Issuance | $829.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$113.0K |
| NET CASH FROM FINANCING | $716.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $137.0K |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $71M |
| PP&E (Net) | $20M |
| Goodwill | $138M |
| Intangible Assets | $133M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $183.0K |
| TOTAL NON-CURRENT ASSETS | $292M |
| TOTAL ASSETS | $363M |
| Account Payables | $14M |
| Short-Term Debt | $33M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $163M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $396.0K |
| TOTAL NON-CURRENT LIABILITIES | $182M |
| TOTAL LIABILITIES | $261M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $99M |
| Retained Earnings | $3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $102M |
| Minority Interest | $0 |
| TOTAL EQUITY | $102M |
| TOTAL LIABILITIES & EQUITY | $363M |
| Total Debt | $217M |
| Net Debt | $217M |
