| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $57M | $34M | 9.6% | 81.7% |
| Op. Income | $10M | $7M | $13M | 45.6% | -24.0% |
| Gross Margin | 68.6% | 72.7% | 82.9% | -4.1pp | -14.3pp |
| Net Margin | 11.3% | 32.8% | 39.6% | -21.5pp | -28.3pp |
| EPS (Diluted) | $0.26 | $0.74 | $0.56 | -64.9% | -53.6% |
| Free Cash Flow | -$86M | -$117M | -$72M | 25.8% | -20.6% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $10M |
| Operating Expenses | $33M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $10M |
| Interest Income | $23M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $3M |
| 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 | $750.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $10M |
| Operating Expenses | $33M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $10M |
| Interest Income | $23M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $3M |
| 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 | $750.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $750.0K |
| Stock-Based Compensation | $684.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$86M |
| OPERATING CASH FLOW | -$86M |
| Capital Expenditure | $36.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | -$242.0K |
| Other Investing Activities | -$48M |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | $800.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $203M |
| NET CASH FROM FINANCING | $199M |
| FREE CASH FLOW | -$86M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $190M |
| Short-Term Investments | $2M |
| Net Receivables | $120M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $312M |
| PP&E (Net) | $7M |
| Goodwill | $21M |
| Intangible Assets | $6M |
| Long-Term Investments | $903M |
| Tax Assets | $5M |
| Other Non-Current Assets | $185M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $41M |
| Short-Term Debt | $109M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $447M |
| TOTAL CURRENT LIABILITIES | $597M |
| Long-Term Debt | $589M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $622M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $491.0K |
| Additional Paid-In Capital | $192M |
| Retained Earnings | $9M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$203.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $221M |
| Minority Interest | -$487.0K |
| TOTAL EQUITY | $221M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $706M |
| Net Debt | $516M |
