| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $43M | $46M | -1.0% | -7.4% |
| Op. Income | $1M | -$1M | $349.0K | 238.7% | 308.9% |
| Gross Margin | 27.6% | 22.1% | 23.6% | 5.5pp | 4.0pp |
| Net Margin | -1.3% | -5.9% | -5.7% | 4.5pp | 4.4pp |
| EPS (Diluted) | $-0.02 | $-0.08 | $0.03 | 77.7% | -155.4% |
| Free Cash Flow | $2M | -$5M | $4M | 135.5% | -45.6% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $2M |
| Operating Expenses | $10M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $1M |
| Interest Income | $51.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$173.0K |
| Income Tax Expense | $385.0K |
| Net Income from Continuing Ops | -$558.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$558.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$558.0K |
| D&A | $947.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$558.0K |
| Depreciation & Amortization | $947.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$75.0K |
| Other Non-Cash Items | $237.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$172.4K |
| Sales/Maturities of Investments | $174.4K |
| Other Investing Activities | -$2.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $199.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $4M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $20M |
| Goodwill | $22M |
| Intangible Assets | $1M |
| Long-Term Investments | $16M |
| Tax Assets | $7M |
| Other Non-Current Assets | -$15M |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $116M |
| Account Payables | $14M |
| Short-Term Debt | $4M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $48M |
| TOTAL LIABILITIES | $146M |
| Common Stock | $16M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | -$29M |
| TOTAL STOCKHOLDERS' EQUITY | -$31M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$31M |
| TOTAL LIABILITIES & EQUITY | $116M |
| Total Debt | $36M |
| Net Debt | $34M |
