| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $128M | $150M | -7.7% | -20.9% |
| Op. Income | -$28M | -$9M | $4M | -207.5% | -777.4% |
| Gross Margin | 14.6% | 29.5% | 28.8% | -14.8pp | -14.2pp |
| Net Margin | -21.8% | -9.1% | -0.2% | -12.6pp | -21.5pp |
| EPS (Diluted) | $-0.91 | $-0.42 | $-0.01 | -116.7% | -9000.0% |
| Free Cash Flow | $27M | -$16M | -$51M | 265.6% | 152.0% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $17M |
| R&D Expenses | $11M |
| Selling & Marketing | $13M |
| General & Administrative | $11M |
| SG&A Expenses | $24M |
| Other Expenses | $11M |
| Operating Expenses | $46M |
| Cost & Expenses | $147M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $6M |
| EBIT | -$29M |
| EBITDA | -$23M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$9.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $17.0K |
| Net Debt Issuance | -$34M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$840.0K |
| Other Financing Activities | -$587.0K |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $160M |
| Inventory | $246M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $425M |
| PP&E (Net) | $95M |
| Goodwill | $48M |
| Intangible Assets | $164M |
| Long-Term Investments | $0 |
| Tax Assets | $12M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $334M |
| TOTAL ASSETS | $759M |
| Account Payables | $74M |
| Short-Term Debt | $0 |
| Deferred Revenue | $27M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $225M |
| Long-Term Debt | $179M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $206M |
| TOTAL LIABILITIES | $432M |
| Common Stock | $3M |
| Additional Paid-In Capital | $114M |
| Retained Earnings | $295M |
| Treasury Stock | -$71M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $328M |
| Minority Interest | $0 |
| TOTAL EQUITY | $328M |
| TOTAL LIABILITIES & EQUITY | $759M |
| Total Debt | $201M |
| Net Debt | $189M |
