| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $22M | $12M | 4.7% | 89.4% |
| Op. Income | -$831.3K | $261.0K | $584.9K | -418.5% | -242.1% |
| Gross Margin | 11.9% | 17.7% | 27.9% | -5.7pp | -16.0pp |
| Net Margin | -3.3% | 0.5% | 3.6% | -3.7pp | -6.8pp |
| EPS (Diluted) | $-0.02 | $0.00 | $0.01 | -817.2% | -308.0% |
| Free Cash Flow | $1M | -$2M | $147.9K | 195.2% | 876.4% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $3M |
| R&D Expenses | $41.8K |
| Selling & Marketing | $119.0K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $2.6K |
| Operating Expenses | $4M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$831.3K |
| Interest Income | $0 |
| Interest Expense | $142.1K |
| Other Income/Expenses | -$120.9K |
| INCOME BEFORE TAX | -$952.2K |
| Income Tax Expense | -$209.0K |
| Net Income from Continuing Ops | -$743.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$743.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$743.2K |
| D&A | $422.8K |
| EBIT | -$810.2K |
| EBITDA | -$387.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$743.2K |
| Depreciation & Amortization | $422.8K |
| Stock-Based Compensation | $12.3K |
| Deferred Income Tax | -$217.5K |
| Other Non-Cash Items | -$32.2K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$131.5K |
| Acquisitions (Net) | -$500.0K |
| Purchases of Investments | -$500.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $500.0K |
| NET CASH FROM INVESTING | -$631.5K |
| Net Debt Issuance | -$510.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $541.3K |
| NET CASH FROM FINANCING | $30.7K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $975.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $4M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $7M |
| Goodwill | $9M |
| Intangible Assets | $2M |
| Long-Term Investments | $1M |
| Tax Assets | $636.6K |
| Other Non-Current Assets | $52.2K |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $33M |
| Account Payables | $8M |
| Short-Term Debt | $3M |
| Deferred Revenue | -$8M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $25M |
| Common Stock | $364 |
| Additional Paid-In Capital | $21M |
| Retained Earnings | -$13M |
| Treasury Stock | -$149.5K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8M |
| Minority Interest | $0 |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $33M |
| Total Debt | $16M |
| Net Debt | $15M |
