| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $133M | $189M | $203M | -29.8% | -34.8% |
| Op. Income | -$14M | $9M | $31M | -263.9% | -146.1% |
| Gross Margin | 23.2% | 28.1% | 35.6% | -4.9pp | -12.4pp |
| Net Margin | -14.3% | 3.4% | 15.6% | -17.6pp | -29.8pp |
| EPS (Diluted) | $-0.63 | $0.21 | $1.11 | -400.0% | -156.8% |
| Free Cash Flow | -$11M | -$28M | $18M | 60.6% | -160.0% |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $31M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $147M |
| OPERATING INCOME | -$14M |
| Interest Income | $5.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $11M |
| EBIT | -$14M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $633.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $266M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $180M |
| Other Current Assets | $218.0K |
| TOTAL CURRENT ASSETS | $475M |
| PP&E (Net) | $383M |
| Goodwill | $269.0K |
| Intangible Assets | $7M |
| Long-Term Investments | $368M |
| Tax Assets | $561.0K |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $778M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $55M |
| Short-Term Debt | $25M |
| Deferred Revenue | $58M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $214M |
| Long-Term Debt | $41M |
| Deferred Revenue NC | $52M |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $152M |
| TOTAL LIABILITIES | $366M |
| Common Stock | $69.0K |
| Additional Paid-In Capital | $322M |
| Retained Earnings | $643M |
| Treasury Stock | -$69M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $887M |
| Minority Interest | $0 |
| TOTAL EQUITY | $887M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $94M |
| Net Debt | -$172M |
