| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $17M | $14M | -24.4% | -8.7% |
| Op. Income | $4M | $8M | $8M | -46.7% | -45.1% |
| Gross Margin | 41.5% | 54.6% | 64.0% | -13.1pp | -22.5pp |
| Net Margin | 31.0% | 45.3% | 53.5% | -14.3pp | -22.6pp |
| EPS (Diluted) | $0.17 | $0.32 | $0.32 | -46.9% | -46.9% |
| Free Cash Flow | -$7M | $11M | $15M | -161.9% | -145.5% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $8M |
| OPERATING INCOME | $4M |
| Interest Income | $22M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $250.0K |
| NET INCOME | $4M |
| D&A | $0 |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $8M |
| OPERATING INCOME | $4M |
| Interest Income | $22M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $250.0K |
| NET INCOME | $4M |
| D&A | $0 |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $56M |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | $169.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $837.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $128M |
| Tax Assets | $0 |
| Other Non-Current Assets | $600M |
| TOTAL NON-CURRENT ASSETS | $728M |
| TOTAL ASSETS | $772M |
| Account Payables | $1M |
| Short-Term Debt | $30M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $395M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $524.0K |
| TOTAL NON-CURRENT LIABILITIES | $395M |
| TOTAL LIABILITIES | $447M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $339M |
| Retained Earnings | -$14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $325M |
| Minority Interest | $0 |
| TOTAL EQUITY | $325M |
| TOTAL LIABILITIES & EQUITY | $772M |
| Total Debt | $425M |
| Net Debt | $414M |
