| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | $97M | $71M | -10.7% | 22.1% |
| Op. Income | -$8M | -$23M | -$40M | 66.0% | 80.2% |
| Gross Margin | 28.4% | 9.8% | 13.1% | 18.6pp | 15.3pp |
| Net Margin | -11.9% | -25.9% | -6.7% | 14.0pp | -5.2pp |
| EPS (Diluted) | $-0.05 | $-0.12 | $-0.03 | 58.8% | -88.5% |
| Free Cash Flow | -$16M | -$29M | $11M | 44.9% | -251.2% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $25M |
| R&D Expenses | $6M |
| Selling & Marketing | $7M |
| General & Administrative | $20M |
| SG&A Expenses | $26M |
| Other Expenses | $496.0K |
| Operating Expenses | $33M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $202.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $18M |
| EBIT | -$7M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$180.0K |
| Other Non-Cash Items | -$106.0K |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $157.0K |
| Purchases of Investments | -$157.0K |
| Sales/Maturities of Investments | $157.0K |
| Other Investing Activities | $30.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$5.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $0 |
| Net Receivables | $99M |
| Inventory | $429.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $222M |
| PP&E (Net) | $18M |
| Goodwill | $325M |
| Intangible Assets | $145M |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $547M |
| TOTAL ASSETS | $769M |
| Account Payables | $24M |
| Short-Term Debt | $7M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $149M |
| Long-Term Debt | $29.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $168M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$974M |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $601M |
| Minority Interest | $0 |
| TOTAL EQUITY | $601M |
| TOTAL LIABILITIES & EQUITY | $769M |
| Total Debt | $13M |
| Net Debt | -$76M |
