| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $39M | -$61M | -9.4% | 158.0% |
| Op. Income | $24M | $28M | -$65M | -14.8% | 136.6% |
| Gross Margin | 69.0% | 73.4% | 107.3% | -4.3pp | -38.3pp |
| Net Margin | 68.1% | 72.5% | 107.8% | -4.3pp | -39.7pp |
| EPS (Diluted) | $0.94 | $1.14 | $-2.03 | -17.5% | 146.3% |
| Free Cash Flow | -$10M | $28M | -$6M | -135.6% | -74.2% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $576.6K |
| SG&A Expenses | $576.6K |
| Other Expenses | -$255.8K |
| Operating Expenses | $320.8K |
| Cost & Expenses | $11M |
| OPERATING INCOME | $24M |
| Interest Income | $26M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $0 |
| EBIT | $24M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $576.6K |
| SG&A Expenses | $576.6K |
| Other Expenses | -$255.8K |
| Operating Expenses | $320.8K |
| Cost & Expenses | $11M |
| OPERATING INCOME | $24M |
| Interest Income | $26M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $0 |
| EBIT | $24M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$7.4K |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $494.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.1B |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $627M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $630M |
| TOTAL LIABILITIES | $655M |
| Common Stock | $25.8K |
| Additional Paid-In Capital | $498M |
| Retained Earnings | -$72M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $427M |
| Minority Interest | $0 |
| TOTAL EQUITY | $427M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $627M |
| Net Debt | $621M |
