| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $40M | $43M | -3.0% | -9.9% |
| Op. Income | -$10M | -$3M | -$4M | -253.6% | -140.6% |
| Gross Margin | 56.5% | 60.7% | 63.2% | -4.2pp | -6.7pp |
| Net Margin | -29.1% | -14.8% | -18.5% | -14.2pp | -10.6pp |
| EPS (Diluted) | $-0.14 | $-0.07 | $-0.10 | -92.6% | -41.0% |
| Free Cash Flow | -$1M | $7M | $16M | -115.4% | -106.5% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $22M |
| R&D Expenses | $5M |
| Selling & Marketing | $15M |
| General & Administrative | $12M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $376.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$10M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$35.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$587.0K |
| Capital Expenditure | -$451.0K |
| Acquisitions (Net) | $153.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$858.0K |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $182M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $409.0K |
| Other Non-Current Assets | $749.0K |
| TOTAL NON-CURRENT ASSETS | $31M |
| TOTAL ASSETS | $212M |
| Account Payables | $2M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $113M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $216M |
| Retained Earnings | -$117M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $100M |
| Minority Interest | $0 |
| TOTAL EQUITY | $100M |
| TOTAL LIABILITIES & EQUITY | $212M |
| Total Debt | $65M |
| Net Debt | -$33M |
