| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $38M | $52M | -0.5% | -26.7% |
| Op. Income | $16M | $17M | $33M | -8.0% | -52.1% |
| Gross Margin | 84.0% | 85.8% | 90.2% | -1.9pp | -6.3pp |
| Net Margin | 29.8% | 32.7% | 44.4% | -2.9pp | -14.6pp |
| EPS (Diluted) | $0.09 | $0.10 | $0.18 | -6.4% | -48.0% |
| Free Cash Flow | $16M | $29M | $21M | -46.7% | -27.5% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $32M |
| R&D Expenses | $1M |
| Selling & Marketing | $4M |
| General & Administrative | $11M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$209.0K |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $252.0K |
| EBIT | $18M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $32M |
| R&D Expenses | $1M |
| Selling & Marketing | $4M |
| General & Administrative | $11M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$209.0K |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $252.0K |
| EBIT | $18M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $252.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $561.0K |
| Other Non-Cash Items | $269.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$508.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$467.0K |
| NET CASH FROM INVESTING | -$508.0K |
| Net Debt Issuance | -$937.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$146.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $224M |
| Short-Term Investments | $0 |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $285M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $63M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $387M |
| Account Payables | $30.0K |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $142M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $150M |
| TOTAL LIABILITIES | $168M |
| Common Stock | $1M |
| Additional Paid-In Capital | $501M |
| Retained Earnings | -$192M |
| Treasury Stock | -$92M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $219M |
| Minority Interest | $0 |
| TOTAL EQUITY | $219M |
| TOTAL LIABILITIES & EQUITY | $387M |
| Total Debt | $150M |
| Net Debt | -$75M |
