Reported December 30, 2022
| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $64M | $135M | -41.3% | -72.5% |
| Op. Income | -$3M | $2M | $75M | -223.2% | -103.4% |
| Gross Margin | 9.6% | 10.8% | 59.0% | -1.2pp | -49.5pp |
| Net Margin | -7.0% | 13.3% | 44.5% | -20.3pp | -51.5pp |
| EPS (Diluted) | $-0.03 | $0.08 | $0.59 | -131.7% | -104.5% |
| Free Cash Flow | -$3M | $336.7K | -$3M | -928.7% | 3.9% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $3M |
| SG&A Expenses | $5M |
| Other Expenses | -$9M |
| Operating Expenses | $6M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$3M |
| Interest Income | $463.8K |
| Interest Expense | $692.3K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$3M |
| 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 | $4M |
| EBIT | -$4M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $201.5K |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $19M |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $32M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$64M |
| Other Financing Activities | -$368.7K |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $5M |
| Net Receivables | $54M |
| Inventory | $125M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $257M |
| PP&E (Net) | $72M |
| Goodwill | $0 |
| Intangible Assets | $141.2K |
| Long-Term Investments | $336M |
| Tax Assets | $5M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $422M |
| TOTAL ASSETS | $679M |
| Account Payables | $5M |
| Short-Term Debt | $54M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $129M |
| Long-Term Debt | $65M |
| Deferred Revenue NC | $58M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $137M |
| TOTAL LIABILITIES | $265M |
| Common Stock | $320M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $90M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | -$10M |
| TOTAL STOCKHOLDERS' EQUITY | $413M |
| Minority Interest | $0 |
| TOTAL EQUITY | $413M |
| TOTAL LIABILITIES & EQUITY | $679M |
| Total Debt | $178M |
| Net Debt | $119M |