| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $25M | $21M | 6.3% | 29.0% |
| Op. Income | $2M | $948.0K | -$925.0K | 61.6% | 265.6% |
| Gross Margin | 20.2% | 16.9% | 19.4% | 3.4pp | 0.8pp |
| Net Margin | 5.5% | 2.6% | -0.6% | 2.9pp | 6.1pp |
| EPS (Diluted) | $0.16 | $0.07 | $-0.03 | 116.8% | 675.5% |
| Free Cash Flow | $1M | $334.0K | -$6M | 320.0% | 122.6% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $5M |
| R&D Expenses | $157.0K |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | -$35.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $25M |
| OPERATING INCOME | $2M |
| Interest Income | $167.0K |
| Interest Expense | $440.0K |
| Other Income/Expenses | -$120.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | -$63.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $901.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $5M |
| R&D Expenses | $157.0K |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | -$35.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $25M |
| OPERATING INCOME | $2M |
| Interest Income | $167.0K |
| Interest Expense | $440.0K |
| Other Income/Expenses | -$120.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | -$63.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $901.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $901.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$96.8K |
| Other Non-Cash Items | -$286.4K |
| Change in Working Capital | $391.4K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$981.6K |
| Acquisitions (Net) | $343.9K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$637.7K |
| Net Debt Issuance | -$411.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$249.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $45M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $76M |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $2M |
| Tax Assets | $1M |
| Other Non-Current Assets | $979.0K |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $126M |
| Account Payables | $8M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $100.0K |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $3M |
| Additional Paid-In Capital | $67M |
| Retained Earnings | $11M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $78M |
| Minority Interest | $0 |
| TOTAL EQUITY | $78M |
| TOTAL LIABILITIES & EQUITY | $126M |
| Total Debt | $28M |
| Net Debt | $18M |
