| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $206M | $208M | $197M | -0.8% | 4.8% |
| Op. Income | $1M | -$17M | $8M | 106.5% | -86.5% |
| Gross Margin | 10.5% | 1.5% | 13.3% | 9.0pp | -2.8pp |
| Net Margin | -3.1% | -5.8% | 2.2% | 2.7pp | -5.3pp |
| EPS (Diluted) | $-0.15 | $-0.34 | $0.16 | 55.9% | -193.8% |
| Free Cash Flow | -$44M | $20M | -$6M | -324.3% | -599.2% |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $184M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $205M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $3M |
| EBIT | $2M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $667.0K |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $56M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $56M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $217M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $266M |
| PP&E (Net) | $106M |
| Goodwill | $19M |
| Intangible Assets | $48M |
| Long-Term Investments | $11M |
| Tax Assets | $11M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $197M |
| TOTAL ASSETS | $463M |
| Account Payables | $130M |
| Short-Term Debt | $20M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $187M |
| Long-Term Debt | $195M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $254M |
| TOTAL LIABILITIES | $441M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $173M |
| Retained Earnings | -$56M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $463M |
| Total Debt | $220M |
| Net Debt | $193M |
