| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $86M | $83M | -1.9% | 2.3% |
| Op. Income | -$2M | $6M | $5M | -130.3% | -141.5% |
| Gross Margin | 47.8% | 48.8% | 49.2% | -0.9pp | -1.3pp |
| Net Margin | -3.4% | 3.6% | 3.7% | -6.9pp | -7.1pp |
| EPS (Diluted) | $-0.20 | $0.21 | $0.21 | -195.2% | -195.2% |
| Free Cash Flow | -$5M | $3M | $7M | -262.8% | -172.7% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $40M |
| R&D Expenses | $9M |
| Selling & Marketing | $8M |
| General & Administrative | $19M |
| SG&A Expenses | $27M |
| Other Expenses | $6M |
| Operating Expenses | $42M |
| Cost & Expenses | $87M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$2M |
| 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 | $6M |
| EBIT | -$2M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | -$123.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $717.0K |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | -$48.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $430.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $962.0K |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $14M |
| Goodwill | $198M |
| Intangible Assets | $130M |
| Long-Term Investments | $2M |
| Tax Assets | -$2M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $352M |
| TOTAL ASSETS | $435M |
| Account Payables | $14M |
| Short-Term Debt | $3M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $141M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $156M |
| TOTAL LIABILITIES | $204M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $193M |
| Retained Earnings | $54M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $231M |
| Minority Interest | $0 |
| TOTAL EQUITY | $231M |
| TOTAL LIABILITIES & EQUITY | $435M |
| Total Debt | $150M |
| Net Debt | $143M |
