| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $117M | $108M | $121M | 9.0% | -3.4% |
| Op. Income | $10M | -$4M | $12M | 343.6% | -18.3% |
| Gross Margin | 77.6% | 75.3% | 78.0% | 2.3pp | -0.5pp |
| Net Margin | 4.5% | -2.8% | 7.2% | 7.3pp | -2.7pp |
| EPS (Diluted) | $0.04 | $-0.02 | $0.07 | 277.0% | -39.3% |
| Free Cash Flow | $1M | -$13M | $4M | 109.1% | -71.5% |
| Item | Amount |
|---|---|
| REVENUE | $117M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $91M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $70M |
| SG&A Expenses | $70M |
| Other Expenses | $0 |
| Operating Expenses | $81M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $594.0K |
| Other Income/Expenses | -$566.0K |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $3M |
| EBIT | $10M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $117M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $91M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $70M |
| SG&A Expenses | $70M |
| Other Expenses | $0 |
| Operating Expenses | $81M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $594.0K |
| Other Income/Expenses | -$566.0K |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $3M |
| EBIT | $10M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $828.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$828.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$34.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $93.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $25M |
| Other Current Assets | $642.0K |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $155M |
| Goodwill | $29M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $30M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $234M |
| TOTAL ASSETS | $450M |
| Account Payables | $27M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $63M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $106M |
| TOTAL LIABILITIES | $179M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $315M |
| Retained Earnings | -$44M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $271M |
| Minority Interest | $0 |
| TOTAL EQUITY | $271M |
| TOTAL LIABILITIES & EQUITY | $450M |
| Total Debt | $125M |
| Net Debt | $36M |
