| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $23M | $22M | 1.3% | 7.3% |
| Op. Income | -$987.0K | $237.0K | -$10M | -516.5% | 89.8% |
| Gross Margin | 41.6% | 33.8% | 26.8% | 7.8pp | 14.8pp |
| Net Margin | -14.5% | 5.8% | -69.5% | -20.3pp | 55.0pp |
| EPS (Diluted) | $-0.40 | $0.16 | $-1.90 | -345.1% | 78.8% |
| Free Cash Flow | -$7M | -$811.0K | -$9M | -795.7% | 17.0% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $10M |
| R&D Expenses | $1M |
| Selling & Marketing | $2M |
| General & Administrative | $4M |
| SG&A Expenses | $7M |
| Other Expenses | $3M |
| Operating Expenses | $11M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$987.0K |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $29.0K |
| 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 | $2M |
| EBIT | -$804.0K |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$493.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12.0K |
| NET CASH FROM INVESTING | -$493.0K |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$941.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$426.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $3M |
| Other Current Assets | $240.0K |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $4M |
| Goodwill | $23M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $579.0K |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $66M |
| Account Payables | $19M |
| Short-Term Debt | $3M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $338.0K |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $76M |
| Common Stock | $88.0K |
| Additional Paid-In Capital | $208M |
| Retained Earnings | -$216M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$10M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$10M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $30M |
| Net Debt | $23M |
