| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $33M | $20M | -7.7% | 54.0% |
| Op. Income | -$1M | $519.0K | $10M | -315.6% | -111.7% |
| Gross Margin | 35.7% | 40.4% | 29.6% | -4.7pp | 6.2pp |
| Net Margin | -3.3% | 9.6% | 51.2% | -13.0pp | -54.5pp |
| EPS (Diluted) | $-0.07 | $0.23 | $0.73 | -131.8% | -110.0% |
| Free Cash Flow | -$3M | -$4M | $5M | 22.5% | -152.7% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $11M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$1M |
| Interest Income | $17.0K |
| Interest Expense | $185.0K |
| Other Income/Expenses | $303.0K |
| INCOME BEFORE TAX | -$816.0K |
| Income Tax Expense | $211.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $2M |
| EBIT | -$631.0K |
| EBITDA | $917.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $190.0K |
| Deferred Income Tax | -$258.0K |
| Other Non-Cash Items | $669.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$946.0K |
| Acquisitions (Net) | $560.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6.0K |
| NET CASH FROM INVESTING | -$380.0K |
| Net Debt Issuance | -$537.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $208.0K |
| NET CASH FROM FINANCING | -$329.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $35M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $83M |
| PP&E (Net) | $21M |
| Goodwill | $29M |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $162.0K |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $63M |
| TOTAL ASSETS | $146M |
| Account Payables | $7M |
| Short-Term Debt | $2M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $141.0K |
| Additional Paid-In Capital | $126M |
| Retained Earnings | -$25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $99M |
| Minority Interest | $0 |
| TOTAL EQUITY | $99M |
| TOTAL LIABILITIES & EQUITY | $146M |
| Total Debt | $23M |
| Net Debt | $9M |
