| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $124M | — | 12.4% | — |
| Op. Income | -$1M | -$5M | — | 68.3% | — |
| Gross Margin | 51.4% | 53.0% | — | -1.7pp | — |
| Net Margin | -1.4% | -3.1% | — | 1.7pp | — |
| EPS (Diluted) | $-0.06 | $-0.12 | — | 49.3% | — |
| Free Cash Flow | $3M | -$35M | — | 107.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $141M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $880.0K |
| Other Income/Expenses | -$771.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$202.0K |
| 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 | -$2M |
| D&A | $7M |
| EBIT | -$1M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$188.0K |
| Other Non-Cash Items | $16.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $44.0K |
| Other Investing Activities | $44.0K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$890.0K |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $151.0K |
| NET CASH FROM FINANCING | -$739.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $157M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $192M |
| PP&E (Net) | $298M |
| Goodwill | $402.0K |
| Intangible Assets | $441.0K |
| Long-Term Investments | $5M |
| Tax Assets | $353.0K |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $311M |
| TOTAL ASSETS | $503M |
| Account Payables | $59M |
| Short-Term Debt | $20M |
| Deferred Revenue | $8M |
| Other Current Liabilities | -$971.0K |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $172M |
| TOTAL LIABILITIES | $280M |
| Common Stock | $101M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $127M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$295.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $227M |
| Minority Interest | -$3M |
| TOTAL EQUITY | $223M |
| TOTAL LIABILITIES & EQUITY | $503M |
| Total Debt | $211M |
| Net Debt | $200M |
