| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $32M | $33M | 20.6% | 15.4% |
| Op. Income | $6M | $3M | $7M | 95.4% | -6.4% |
| Gross Margin | 62.4% | 57.7% | 58.1% | 4.7pp | 4.3pp |
| Net Margin | 1.4% | 0.9% | 13.6% | 0.5pp | -12.2pp |
| EPS (Diluted) | $0.01 | $0.00 | $0.07 | 90.7% | -88.3% |
| Free Cash Flow | $2M | -$16M | $7M | 115.1% | -63.4% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $6M |
| Operating Expenses | $18M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $974.0K |
| Income Tax Expense | $291.6K |
| Net Income from Continuing Ops | $682.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $535.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $535.4K |
| D&A | $6M |
| EBIT | $7M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $6M |
| Operating Expenses | $18M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $974.0K |
| Income Tax Expense | $291.6K |
| Net Income from Continuing Ops | $682.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $535.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $535.4K |
| D&A | $6M |
| EBIT | $7M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $682.4K |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $812.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$293.7K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $279.5K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $6M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $69M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $636M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $712M |
| TOTAL ASSETS | $781M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $332M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $590.5K |
| TOTAL NON-CURRENT LIABILITIES | $370M |
| TOTAL LIABILITIES | $430M |
| Common Stock | $6.5K |
| Additional Paid-In Capital | $340M |
| Retained Earnings | $16M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $350M |
| Minority Interest | $1M |
| TOTAL EQUITY | $351M |
| TOTAL LIABILITIES & EQUITY | $781M |
| Total Debt | $339M |
| Net Debt | $318M |
