| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $13M | $10M | 22.7% | 59.7% |
| Op. Income | $12M | $11M | $7M | 7.2% | 55.9% |
| Gross Margin | 80.6% | 100.0% | 100.0% | -19.4pp | -19.4pp |
| Net Margin | 73.0% | 48.4% | -437.0% | 24.5pp | 510.0pp |
| EPS (Diluted) | $0.23 | $0.13 | $-0.87 | 76.9% | 126.4% |
| Free Cash Flow | $21M | $7M | $13M | 210.9% | 61.1% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $712.1K |
| SG&A Expenses | $712.1K |
| Other Expenses | $490.2K |
| Operating Expenses | $1M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $12M |
| Interest Income | $9M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $0 |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $712.1K |
| SG&A Expenses | $712.1K |
| Other Expenses | $490.2K |
| Operating Expenses | $1M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $12M |
| Interest Income | $9M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $0 |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $592.2K |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $307M |
| TOTAL NON-CURRENT ASSETS | $307M |
| TOTAL ASSETS | $354M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $187M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $191M |
| TOTAL LIABILITIES | $192M |
| Common Stock | $564.0K |
| Additional Paid-In Capital | $451M |
| Retained Earnings | -$289M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $162M |
| Minority Interest | $0 |
| TOTAL EQUITY | $162M |
| TOTAL LIABILITIES & EQUITY | $354M |
| Total Debt | $187M |
| Net Debt | $144M |
