| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $125M | $127M | $125M | -1.5% | -0.1% |
| Op. Income | -$4M | -$7M | -$5M | 42.8% | 10.3% |
| Gross Margin | 14.0% | 14.7% | 17.1% | -0.7pp | -3.1pp |
| Net Margin | -11.5% | -8.0% | -6.8% | -3.5pp | -4.6pp |
| EPS (Diluted) | $-0.31 | $-0.23 | $-0.19 | -34.8% | -63.2% |
| Free Cash Flow | $1M | -$5M | -$3M | 125.5% | 144.1% |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $11M |
| Operating Expenses | $22M |
| Cost & Expenses | $129M |
| OPERATING INCOME | -$4M |
| Interest Income | $5M |
| Interest Expense | $5M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $325.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $12M |
| EBIT | -$10M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $470.0K |
| Deferred Income Tax | -$370.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$825.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $92M |
| Inventory | $77M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $197M |
| PP&E (Net) | $237M |
| Goodwill | $0 |
| Intangible Assets | $66M |
| Long-Term Investments | $32M |
| Tax Assets | $102.0K |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $341M |
| TOTAL ASSETS | $538M |
| Account Payables | $51M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $91M |
| Long-Term Debt | $149M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $222M |
| TOTAL LIABILITIES | $313M |
| Common Stock | $470.0K |
| Additional Paid-In Capital | $463M |
| Retained Earnings | -$270M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $225M |
| Minority Interest | $0 |
| TOTAL EQUITY | $225M |
| TOTAL LIABILITIES & EQUITY | $538M |
| Total Debt | $210M |
| Net Debt | $196M |
