| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $30M | $29M | -4.1% | -1.5% |
| Op. Income | $796.0K | $2M | $4M | -54.5% | -80.1% |
| Gross Margin | 58.0% | 61.2% | 57.0% | -3.2pp | 1.0pp |
| Net Margin | -3.4% | 2.1% | 8.3% | -5.5pp | -11.7pp |
| EPS (Diluted) | $-0.23 | $0.14 | $0.57 | -259.3% | -140.4% |
| Free Cash Flow | $3M | $2M | -$632.0K | 91.1% | 580.2% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $17M |
| R&D Expenses | $3M |
| Selling & Marketing | $6M |
| General & Administrative | $5M |
| SG&A Expenses | $12M |
| Other Expenses | $1M |
| Operating Expenses | $16M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $796.0K |
| Interest Income | $0 |
| Interest Expense | $941.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$980.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$980.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$980.0K |
| D&A | $2M |
| EBIT | -$1M |
| EBITDA | $564.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$980.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $333.0K |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$517.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$108.0K |
| NET CASH FROM INVESTING | -$625.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$295.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $620.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $535.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $26M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $53M |
| PP&E (Net) | $9M |
| Goodwill | $57M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $90M |
| TOTAL ASSETS | $143M |
| Account Payables | $5M |
| Short-Term Debt | $3M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $38M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $667.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $68M |
| Common Stock | $457.0K |
| Additional Paid-In Capital | $232M |
| Retained Earnings | -$143M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | $0 |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $143M |
| Total Debt | $48M |
| Net Debt | $44M |
