| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $125M | $126M | $131M | -0.7% | -4.5% |
| Op. Income | -$280.0K | -$2M | $2M | 87.4% | -114.9% |
| Gross Margin | 16.6% | 15.6% | 17.3% | 1.0pp | -0.7pp |
| Net Margin | -1.0% | -2.5% | 1.0% | 1.4pp | -2.1pp |
| EPS (Diluted) | $-0.22 | $-0.54 | $0.24 | 58.4% | -193.7% |
| Free Cash Flow | -$10M | -$3M | $4M | -220.9% | -372.0% |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $9M |
| Operating Expenses | $21M |
| Cost & Expenses | $125M |
| OPERATING INCOME | -$280.0K |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$30.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $6M |
| EBIT | -$280.0K |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$30.0K |
| Other Non-Cash Items | $722.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$44.0K |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $10M |
| Other Current Assets | $43.0K |
| TOTAL CURRENT ASSETS | $24M |
| PP&E (Net) | $324M |
| Goodwill | $7M |
| Intangible Assets | $584.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $334M |
| TOTAL ASSETS | $358M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $63M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $126.0K |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $257M |
| TOTAL LIABILITIES | $321M |
| Common Stock | $489.0K |
| Additional Paid-In Capital | $213M |
| Retained Earnings | -$143M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $0 |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $358M |
| Total Debt | $281M |
| Net Debt | $278M |
