| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $194M | $183M | $220M | 6.3% | -11.6% |
| Op. Income | -$10M | -$21M | $5M | 50.9% | -311.8% |
| Gross Margin | 31.7% | 27.0% | 34.1% | 4.7pp | -2.4pp |
| Net Margin | -4.4% | -10.1% | 1.4% | 5.7pp | -5.8pp |
| EPS (Diluted) | $-0.44 | $-0.96 | $0.16 | 54.2% | -375.0% |
| Free Cash Flow | -$18M | -$18M | -$6M | 2.7% | -179.7% |
| Item | Amount |
|---|---|
| REVENUE | $194M |
| Cost of Revenue | $133M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $72M |
| Other Expenses | $423.0K |
| Operating Expenses | $72M |
| Cost & Expenses | $205M |
| OPERATING INCOME | -$10M |
| Interest Income | $775.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$786.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $6M |
| EBIT | -$10M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | $272.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $24M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $82M |
| Net Receivables | $24M |
| Inventory | $157M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $335M |
| PP&E (Net) | $316M |
| Goodwill | $57M |
| Intangible Assets | $14M |
| Long-Term Investments | $5M |
| Tax Assets | $12M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $411M |
| TOTAL ASSETS | $746M |
| Account Payables | $70M |
| Short-Term Debt | $66M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $170M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $191M |
| TOTAL LIABILITIES | $360M |
| Common Stock | $192M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $212M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $385M |
| Minority Interest | $0 |
| TOTAL EQUITY | $385M |
| TOTAL LIABILITIES & EQUITY | $746M |
| Total Debt | $251M |
| Net Debt | $193M |
