| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $67M | $67M | $74M | -0.1% | -9.8% |
| Op. Income | $6M | $6M | $8M | 0.7% | -29.8% |
| Gross Margin | 28.0% | 28.3% | 29.2% | -0.4pp | -1.2pp |
| Net Margin | 5.9% | 5.7% | 8.1% | 0.2pp | -2.1pp |
| EPS (Diluted) | $0.47 | $0.41 | $0.57 | 14.6% | -17.5% |
| Free Cash Flow | $17M | -$1M | $18M | 1570.4% | -5.1% |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $288.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $61M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $425.0K |
| Other Income/Expenses | -$418.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $288.0K |
| EBIT | $6M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $288.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $61M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $425.0K |
| Other Income/Expenses | -$418.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $288.0K |
| EBIT | $6M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $288.0K |
| Stock-Based Compensation | $471.0K |
| Deferred Income Tax | $57.0K |
| Other Non-Cash Items | $227.0K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$227.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$227.0K |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$339.0K |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$552.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $71M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $77M |
| PP&E (Net) | $5M |
| Goodwill | $22M |
| Intangible Assets | $774.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $169.0K |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $106M |
| Account Payables | $50M |
| Short-Term Debt | $0 |
| Deferred Revenue | $504.0K |
| Other Current Liabilities | $300.0K |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $85M |
| Common Stock | $873.0K |
| Additional Paid-In Capital | $115M |
| Retained Earnings | -$28M |
| Treasury Stock | -$65M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20M |
| Minority Interest | $0 |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $106M |
| Total Debt | $19M |
| Net Debt | $18M |
