| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $10M | $8M | 3.1% | 29.3% |
| Op. Income | $2M | $3M | $1M | -44.4% | 85.2% |
| Gross Margin | 57.3% | 69.3% | 59.3% | -12.0pp | -2.0pp |
| Net Margin | 9.9% | 29.4% | 9.8% | -19.5pp | 0.1pp |
| EPS (Diluted) | $0.09 | $0.27 | $0.07 | -65.2% | 29.9% |
| Free Cash Flow | -$847.3K | $815.2K | -$583.3K | -203.9% | -45.3% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $6M |
| R&D Expenses | $711.8K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $8M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $75.5K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $977.5K |
| 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 | $375.1K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $6M |
| R&D Expenses | $711.8K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $8M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $75.5K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $977.5K |
| 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 | $375.1K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $372.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $177.7K |
| Change in Working Capital | $14.9K |
| OPERATING CASH FLOW | -$665.1K |
| Capital Expenditure | -$182.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$182.2K |
| Net Debt Issuance | -$60.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$67.4K |
| FREE CASH FLOW | -$847.3K |
| Net Change in Cash | -$914.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $10M |
| Other Current Assets | $546.3K |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $572.0K |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $238.2K |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $66M |
| Account Payables | $1M |
| Short-Term Debt | $246.2K |
| Deferred Revenue | $8M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $1.1K |
| Additional Paid-In Capital | $32M |
| Retained Earnings | $6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38M |
| Minority Interest | $0 |
| TOTAL EQUITY | $38M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $9M |
| Net Debt | -$4M |
