| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $35M | $36M | -0.8% | -3.2% |
| Op. Income | $9M | $9M | $9M | 1.2% | -5.3% |
| Gross Margin | 61.7% | 60.8% | 63.2% | 0.9pp | -1.5pp |
| Net Margin | 17.6% | 18.0% | 20.1% | -0.4pp | -2.5pp |
| EPS (Diluted) | $0.26 | $0.27 | $0.29 | -3.7% | -10.3% |
| Free Cash Flow | $2M | $8M | $4M | -80.8% | -66.3% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $2M |
| Operating Expenses | $13M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $9M |
| Interest Income | $25.0K |
| Interest Expense | $555.0K |
| Other Income/Expenses | -$541.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $2M |
| EBIT | $9M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $2M |
| Operating Expenses | $13M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $9M |
| Interest Income | $25.0K |
| Interest Expense | $555.0K |
| Other Income/Expenses | -$541.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $2M |
| EBIT | $9M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | -$57.0K |
| Deferred Income Tax | $116.0K |
| Other Non-Cash Items | $9.0K |
| Change in Working Capital | -$969.0K |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $140.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $485.0K |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $36M |
| Goodwill | $62M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $119M |
| Account Payables | $1M |
| Short-Term Debt | $17M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $738.0K |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $79M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $180M |
| Retained Earnings | -$24M |
| Treasury Stock | -$116M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $40M |
| Minority Interest | $0 |
| TOTAL EQUITY | $40M |
| TOTAL LIABILITIES & EQUITY | $119M |
| Total Debt | $42M |
| Net Debt | $42M |
