| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $160M | $124M | $168M | 29.4% | -5.0% |
| Op. Income | -$3M | -$17M | $5M | 84.4% | -152.1% |
| Gross Margin | 27.7% | 21.0% | 30.9% | 6.7pp | -3.2pp |
| Net Margin | -0.7% | -9.7% | 2.3% | 9.0pp | -3.0pp |
| EPS (Diluted) | $-0.04 | $-0.40 | $0.13 | 90.6% | -129.0% |
| Free Cash Flow | $10M | -$20M | $6M | 150.1% | 66.7% |
| Item | Amount |
|---|---|
| REVENUE | $160M |
| Cost of Revenue | $116M |
| GROSS PROFIT | $44M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $47M |
| SG&A Expenses | $47M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $163M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$340.0K |
| 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 | $3M |
| EBIT | -$3M |
| EBITDA | $558.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $556.0K |
| Deferred Income Tax | -$245.0K |
| Other Non-Cash Items | $147.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$620.0K |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $620.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $31.0K |
| NET CASH FROM FINANCING | $31.0K |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $50M |
| Net Receivables | $11M |
| Inventory | $91M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $273M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $288M |
| TOTAL ASSETS | $503M |
| Account Payables | $45M |
| Short-Term Debt | $54M |
| Deferred Revenue | $14M |
| Other Current Liabilities | -$35M |
| TOTAL CURRENT LIABILITIES | $141M |
| Long-Term Debt | $197M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$197M |
| TOTAL NON-CURRENT LIABILITIES | $198M |
| TOTAL LIABILITIES | $338M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $171M |
| Retained Earnings | -$7M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $253.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $165M |
| Minority Interest | $0 |
| TOTAL EQUITY | $165M |
| TOTAL LIABILITIES & EQUITY | $503M |
| Total Debt | $251M |
| Net Debt | $197M |
