How did CAPT's expenses impact profits in Q2 2023?

Captivision's (CAPT) expenses had a significant impact on profits in Q2 2023, as evidenced by the company's financial metrics for the period.

1. **Net Income**: CAPT reported a net income of $2.96 million for Q2 2023. This figure indicates the company's profitability for the quarter.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|CAPT|CAPT.O|Captivision|2022 Q3|1.3370295454545455E7|2941443|185|
|CAPT|CAPT.O|Captivision|2022 Q4|100.66928782831373|403926|185|
|CAPT|CAPT.O|Captivision|2023 Q1|46.098182360059575|-748755|185|
|CAPT|CAPT.O|Captivision|2023 Q2|-18.969236992134334|2964867|185|

2. **Operating Margin**: The operating margin for CAPT in Q2 2023 was 4.47%. This metric represents the proportion of revenue that remains after deducting operating expenses. A lower operating margin suggests that a larger portion of revenue is consumed by expenses, which can impact profitability.

|code|Ticker|Name|Date|Operating Profit Margin|Operating Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|CAPT|CAPT.O|Captivision|2022 Q4|2.8028467801624757|101.04040978955541|185|
|CAPT|CAPT.O|Captivision|2023 Q2|4.4675366855115906|-75.84679404010905|185|

In conclusion, CAPT's expenses, as reflected by the cost of goods sold and other operating expenses, had a substantial impact on the company's profits in Q2 2023. The relatively low operating margin suggests that CAPT faced significant challenges in managing its expenses to maintain profitability during the quarter.