| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $59M | $55M | 14.6% | 21.9% |
| Op. Income | $5M | $7M | $1M | -22.3% | 265.5% |
| Gross Margin | 37.8% | 41.9% | 35.6% | -4.1pp | 2.1pp |
| Net Margin | 6.4% | 9.5% | 0.9% | -3.1pp | 5.5pp |
| EPS (Diluted) | $0.08 | $0.10 | $0.01 | -22.4% | 758.4% |
| Free Cash Flow | -$2M | $3M | -$6M | -147.6% | 73.1% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $26M |
| R&D Expenses | $9M |
| Selling & Marketing | $6M |
| General & Administrative | $5M |
| SG&A Expenses | $11M |
| Other Expenses | $47.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $586.0K |
| Other Income/Expenses | -$586.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $538.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $3M |
| EBIT | $5M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $26M |
| R&D Expenses | $9M |
| Selling & Marketing | $6M |
| General & Administrative | $5M |
| SG&A Expenses | $11M |
| Other Expenses | $47.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $586.0K |
| Other Income/Expenses | -$586.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $538.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $3M |
| EBIT | $5M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $512.0K |
| Deferred Income Tax | $694.0K |
| Other Non-Cash Items | -$795.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $87M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $40M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $210M |
| PP&E (Net) | $77M |
| Goodwill | $43M |
| Intangible Assets | $209.0K |
| Long-Term Investments | $16M |
| Tax Assets | $16M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $162M |
| TOTAL ASSETS | $372M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $33M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $181.0K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $117M |
| Common Stock | $3M |
| Additional Paid-In Capital | $933M |
| Retained Earnings | -$674M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $255M |
| Minority Interest | $0 |
| TOTAL EQUITY | $255M |
| TOTAL LIABILITIES & EQUITY | $372M |
| Total Debt | $3M |
| Net Debt | -$84M |
