| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $69M | $45M | $72M | 52.3% | -4.4% |
| Op. Income | -$9M | -$8M | -$8M | -9.5% | -12.3% |
| Gross Margin | 0.7% | 4.3% | -1.5% | -3.6pp | 2.3pp |
| Net Margin | 44.7% | -56.0% | -93.1% | 100.7pp | 137.8pp |
| EPS (Diluted) | $0.73 | $-0.68 | $-2.01 | 207.4% | 136.3% |
| Free Cash Flow | -$15M | -$5M | -$16M | -204.4% | 7.9% |
| Item | Amount |
|---|---|
| REVENUE | $69M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $492.0K |
| R&D Expenses | $36.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | -$36.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | -$55M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $2M |
| EBIT | -$8M |
| EBITDA | -$6M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$845.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $380.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7.0K |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $8M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $78M |
| PP&E (Net) | $175M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $199M |
| TOTAL ASSETS | $277M |
| Account Payables | $29M |
| Short-Term Debt | $66M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $114M |
| Long-Term Debt | $220M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $141M |
| TOTAL NON-CURRENT LIABILITIES | $363M |
| TOTAL LIABILITIES | $477M |
| Common Stock | $39.0K |
| Additional Paid-In Capital | $256M |
| Retained Earnings | -$450M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$200M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$200M |
| TOTAL LIABILITIES & EQUITY | $277M |
| Total Debt | $289M |
| Net Debt | $285M |
