| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $51M | $41M | -6.7% | 16.2% |
| Op. Income | -$16M | -$6M | -$21M | -143.3% | 26.1% |
| Gross Margin | 24.7% | 27.5% | 19.1% | -2.7pp | 5.7pp |
| Net Margin | -33.2% | -13.0% | -43.2% | -20.1pp | 10.0pp |
| EPS (Diluted) | $-0.93 | $-0.40 | $-1.08 | -132.5% | 13.9% |
| Free Cash Flow | -$5M | $28M | — | -118.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $12M |
| R&D Expenses | $4M |
| Selling & Marketing | $10M |
| General & Administrative | $13M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $64M |
| OPERATING INCOME | -$16M |
| Interest Income | $17.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$181.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$54.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $1M |
| EBIT | -$16M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$365.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$365.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$974.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $259.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $68M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $113M |
| PP&E (Net) | $6M |
| Goodwill | $11M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $140M |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $65M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $214M |
| Retained Earnings | -$139M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$984.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74M |
| Minority Interest | $0 |
| TOTAL EQUITY | $74M |
| TOTAL LIABILITIES & EQUITY | $140M |
| Total Debt | $0 |
| Net Debt | -$16M |
