| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $39M | $47M | 18.8% | 0.7% |
| Op. Income | $5M | $3M | $10M | 83.0% | -50.2% |
| Gross Margin | 74.9% | 78.3% | 94.9% | -3.4pp | -20.0pp |
| Net Margin | 8.6% | 5.5% | 17.2% | 3.1pp | -8.6pp |
| EPS (Diluted) | $0.20 | $0.10 | $0.36 | 100.0% | -44.4% |
| Free Cash Flow | -$40M | -$35M | -$25M | -14.9% | -62.2% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $944.0K |
| General & Administrative | $22M |
| SG&A Expenses | $23M |
| Other Expenses | $7M |
| Operating Expenses | $30M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $5M |
| Interest Income | $24M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $738.0K |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $944.0K |
| General & Administrative | $22M |
| SG&A Expenses | $23M |
| Other Expenses | $7M |
| Operating Expenses | $30M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $5M |
| Interest Income | $24M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $738.0K |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $738.0K |
| Stock-Based Compensation | $82.0K |
| Deferred Income Tax | -$962.0K |
| Other Non-Cash Items | -$42M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$104.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$62M |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | $113M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $113M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $195M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $308M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $102M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $0 |
| Short-Term Debt | $420M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $195M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $72M |
| TOTAL NON-CURRENT LIABILITIES | $267M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $214.0K |
| Additional Paid-In Capital | $117M |
| Retained Earnings | $272M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | -$12M |
| TOTAL STOCKHOLDERS' EQUITY | $356M |
| Minority Interest | $0 |
| TOTAL EQUITY | $356M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $615M |
| Net Debt | $561M |
