| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98M | $89M | $108M | 9.4% | -9.3% |
| Op. Income | -$380.7K | -$1M | $2M | 65.6% | -121.0% |
| Gross Margin | 11.9% | 12.2% | 12.7% | -0.4pp | -0.8pp |
| Net Margin | -4.0% | -4.0% | -0.5% | 0.0pp | -3.5pp |
| EPS (Diluted) | $-0.05 | $-0.06 | $-0.04 | 9.6% | -16.9% |
| Free Cash Flow | -$7M | $10M | $2M | -163.7% | -399.1% |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $2M |
| Operating Expenses | $12M |
| Cost & Expenses | $98M |
| OPERATING INCOME | -$380.7K |
| Interest Income | $0 |
| Interest Expense | $22.3K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $1M |
| EBIT | $409.4K |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$20.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20.8K |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $596.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $2.7K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $79.3K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $6M |
| Account Payables | $405.7K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $4M |
| Common Stock | $4 |
| Additional Paid-In Capital | $25M |
| Retained Earnings | -$23M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $3M |
| Net Debt | -$735.9K |
