| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $16M | $32M | -60.6% | -80.6% |
| Op. Income | $3M | $12M | $28M | -74.4% | -89.1% |
| Gross Margin | 37.4% | 75.8% | 90.3% | -38.4pp | -52.9pp |
| Net Margin | 49.9% | 77.0% | 88.5% | -27.1pp | -38.6pp |
| EPS (Diluted) | $0.09 | $0.36 | $0.85 | -75.0% | -89.4% |
| Free Cash Flow | $23M | $21M | -$21M | 11.3% | 213.4% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$3M |
| Operating Expenses | -$775.0K |
| Cost & Expenses | $3M |
| OPERATING INCOME | $3M |
| Interest Income | $14M |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $0 |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$3M |
| Operating Expenses | -$775.0K |
| Cost & Expenses | $3M |
| OPERATING INCOME | $3M |
| Interest Income | $14M |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $0 |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$793.0K |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$74M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$7M |
| Other Financing Activities | $41M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $741M |
| TOTAL NON-CURRENT ASSETS | $741M |
| TOTAL ASSETS | $749M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $273M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $302M |
| TOTAL LIABILITIES | $306M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $397M |
| Retained Earnings | -$1M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $46M |
| TOTAL STOCKHOLDERS' EQUITY | $442M |
| Minority Interest | $0 |
| TOTAL EQUITY | $442M |
| TOTAL LIABILITIES & EQUITY | $749M |
| Total Debt | $273M |
| Net Debt | $271M |
