| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $12M | $13M | 0.8% | -7.4% |
| Op. Income | -$848.4K | -$1M | -$7M | 29.5% | 88.2% |
| Gross Margin | 74.6% | 74.8% | 65.6% | -0.1pp | 9.0pp |
| Net Margin | -62.5% | -43.4% | -300.0% | -19.2pp | 237.5pp |
| EPS (Diluted) | $-0.29 | $-0.20 | $-1.48 | -42.9% | 80.3% |
| Free Cash Flow | -$2M | -$1M | -$6M | -32.9% | 71.4% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $9M |
| R&D Expenses | $2M |
| Selling & Marketing | $525.4K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $4M |
| Operating Expenses | $10M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$848.4K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$21.9K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $2M |
| EBIT | -$6M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $585.4K |
| Deferred Income Tax | -$21.9K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$513.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$513.0K |
| Net Debt Issuance | -$257.2K |
| Common Stock Repurchased | -$256.5K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$513.7K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $51M |
| Inventory | $0 |
| Other Current Assets | $723.5K |
| TOTAL CURRENT ASSETS | $67M |
| PP&E (Net) | $2M |
| Goodwill | $28M |
| Intangible Assets | $29M |
| Long-Term Investments | $22M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $80M |
| TOTAL ASSETS | $148M |
| Account Payables | $0 |
| Short-Term Debt | $33M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $27M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $895.2K |
| Other Non-Current Liabilities | $152.0K |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $78M |
| Common Stock | $286M |
| Additional Paid-In Capital | $25M |
| Retained Earnings | -$242M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $320.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $69M |
| Minority Interest | $0 |
| TOTAL EQUITY | $69M |
| TOTAL LIABILITIES & EQUITY | $148M |
| Total Debt | $62M |
| Net Debt | $47M |
