| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $89M | $77M | -1.6% | 14.3% |
| Op. Income | -$1M | $8M | -$4M | -116.2% | 69.7% |
| Gross Margin | 64.0% | 65.1% | 63.4% | -1.0pp | 0.6pp |
| Net Margin | -11.2% | -3.8% | -17.8% | -7.4pp | 6.7pp |
| EPS (Diluted) | $-0.24 | $-0.08 | $-0.34 | -189.2% | 29.4% |
| Free Cash Flow | $6M | $5M | -$16.0K | 21.6% | 36087.5% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $56M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $89M |
| OPERATING INCOME | -$1M |
| Interest Income | $339.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $382.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | -$39.0K |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $6M |
| EBIT | -$3M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $823.0K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$594.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$120.0K |
| NET CASH FROM FINANCING | -$909.0K |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $79M |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $267M |
| PP&E (Net) | $81M |
| Goodwill | $243M |
| Intangible Assets | $172M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $508M |
| TOTAL ASSETS | $775M |
| Account Payables | $11M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $306M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $76M |
| TOTAL NON-CURRENT LIABILITIES | $448M |
| TOTAL LIABILITIES | $503M |
| Common Stock | $425.0K |
| Additional Paid-In Capital | $351M |
| Retained Earnings | -$44M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $272M |
| Minority Interest | $0 |
| TOTAL EQUITY | $272M |
| TOTAL LIABILITIES & EQUITY | $775M |
| Total Debt | $358M |
| Net Debt | $304M |
