| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $129M | $127M | $111M | 1.4% | 15.9% |
| Op. Income | $9M | $10M | $4M | -9.8% | 104.4% |
| Gross Margin | 26.5% | 27.3% | 22.9% | -0.8pp | 3.6pp |
| Net Margin | 5.0% | 4.9% | 2.8% | 0.1pp | 2.2pp |
| EPS (Diluted) | $0.22 | $0.22 | $0.11 | 0.0% | 100.0% |
| Free Cash Flow | $9M | $10M | -$9M | -12.1% | 198.0% |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $15.0K |
| Operating Expenses | $25M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $2M |
| EBIT | $9M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $15.0K |
| Operating Expenses | $25M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $2M |
| EBIT | $9M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $864.0K |
| Deferred Income Tax | -$301.0K |
| Other Non-Cash Items | $615.0K |
| Change in Working Capital | -$534.0K |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$561.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.0K |
| NET CASH FROM INVESTING | -$560.0K |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $879.0K |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $69M |
| Inventory | $73M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $149M |
| PP&E (Net) | $33M |
| Goodwill | $45M |
| Intangible Assets | $66M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $147M |
| TOTAL ASSETS | $296M |
| Account Payables | $27M |
| Short-Term Debt | $4M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $64M |
| Long-Term Debt | $59M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $135M |
| Common Stock | $143M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $18M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | $120.0K |
| Other Equity | $7M |
| TOTAL STOCKHOLDERS' EQUITY | $161M |
| Minority Interest | $0 |
| TOTAL EQUITY | $161M |
| TOTAL LIABILITIES & EQUITY | $296M |
| Total Debt | $73M |
| Net Debt | $70M |
