| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | $85M | $74M | -5.5% | 9.1% |
| Op. Income | -$9M | -$8M | -$5M | -10.0% | -68.6% |
| Gross Margin | 50.2% | 52.8% | 52.2% | -2.6pp | -2.0pp |
| Net Margin | -11.8% | -9.9% | -6.7% | -1.8pp | -5.0pp |
| EPS (Diluted) | $-0.24 | $-0.21 | $-0.13 | -14.3% | -84.6% |
| Free Cash Flow | $164.0K | $7M | -$10M | -97.6% | 101.7% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $41M |
| R&D Expenses | $7M |
| Selling & Marketing | $25M |
| General & Administrative | $9M |
| SG&A Expenses | $34M |
| Other Expenses | $8M |
| Operating Expenses | $49M |
| Cost & Expenses | $90M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $736.0K |
| Other Income/Expenses | -$736.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$179.0K |
| 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 | $8M |
| EBIT | -$5M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$227.0K |
| Other Non-Cash Items | $813.0K |
| Change in Working Capital | $628.0K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $941.0K |
| NET CASH FROM FINANCING | $941.0K |
| FREE CASH FLOW | $164.0K |
| Net Change in Cash | $254.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $51M |
| Inventory | $64M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $153M |
| PP&E (Net) | $46M |
| Goodwill | $200M |
| Intangible Assets | $134M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $390M |
| TOTAL ASSETS | $543M |
| Account Payables | $36M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $70M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $145M |
| Common Stock | $382.0K |
| Additional Paid-In Capital | $596M |
| Retained Earnings | -$189M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $398M |
| Minority Interest | $0 |
| TOTAL EQUITY | $398M |
| TOTAL LIABILITIES & EQUITY | $543M |
| Total Debt | $60M |
| Net Debt | $30M |
