| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $35M | $33M | 0.4% | 7.7% |
| Op. Income | $1M | $1M | $1M | 4.4% | 7.2% |
| Gross Margin | 15.6% | 15.7% | 15.4% | -0.1pp | 0.2pp |
| Net Margin | 1.8% | 2.0% | 2.2% | -0.1pp | -0.4pp |
| EPS (Diluted) | $0.22 | $0.23 | $0.25 | -4.3% | -12.0% |
| Free Cash Flow | -$2M | $1M | -$4M | -255.2% | 54.0% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $5M |
| R&D Expenses | $317.0K |
| Selling & Marketing | $953.0K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $125.0K |
| Other Income/Expenses | -$125.0K |
| INCOME BEFORE TAX | $974.0K |
| Income Tax Expense | $340.0K |
| Net Income from Continuing Ops | $634.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $634.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $634.0K |
| D&A | $522.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $5M |
| R&D Expenses | $317.0K |
| Selling & Marketing | $953.0K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $125.0K |
| Other Income/Expenses | -$125.0K |
| INCOME BEFORE TAX | $974.0K |
| Income Tax Expense | $340.0K |
| Net Income from Continuing Ops | $634.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $634.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $634.0K |
| D&A | $522.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $634.0K |
| Depreciation & Amortization | $522.0K |
| Stock-Based Compensation | $93.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$185.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$460.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$460.0K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $138.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$718.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $781.0K |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $21M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $54M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $342.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $68M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $95.0K |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $17M |
| Retained Earnings | $13M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$611.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29M |
| Minority Interest | $0 |
| TOTAL EQUITY | $29M |
| TOTAL LIABILITIES & EQUITY | $68M |
| Total Debt | $16M |
| Net Debt | $15M |
