| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $21M | $20M | 7.1% | 10.3% |
| Op. Income | -$2M | -$2M | $3M | -30.2% | -173.4% |
| Gross Margin | 57.4% | 54.8% | 58.2% | 2.5pp | -0.8pp |
| Net Margin | -12.2% | -8.7% | 15.0% | -3.5pp | -27.3pp |
| EPS (Diluted) | $-0.22 | $-0.14 | $0.98 | -57.1% | -122.4% |
| Free Cash Flow | $797.0K | -$3M | -$4M | 128.9% | 118.3% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $13M |
| R&D Expenses | $3M |
| Selling & Marketing | $7M |
| General & Administrative | $6M |
| SG&A Expenses | $13M |
| Other Expenses | -$999.0K |
| Operating Expenses | $15M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$2M |
| Interest Income | $52.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $344.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $3M |
| EBIT | -$3M |
| EBITDA | -$204.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $168.0K |
| Other Non-Cash Items | -$772.0K |
| Change in Working Capital | $178.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$27.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $500.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $797.0K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $2 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $35M |
| PP&E (Net) | $25M |
| Goodwill | $23M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $111M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $37M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $852.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $62.0K |
| Additional Paid-In Capital | $155M |
| Retained Earnings | -$97M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$363.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58M |
| Minority Interest | $0 |
| TOTAL EQUITY | $58M |
| TOTAL LIABILITIES & EQUITY | $111M |
| Total Debt | $3M |
| Net Debt | -$936.0K |
