| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $104M | $107M | $90M | -2.8% | 15.1% |
| Op. Income | -$16M | -$25M | -$881.0K | 36.0% | -1707.6% |
| Gross Margin | 32.3% | 42.4% | 45.8% | -10.0pp | -13.5pp |
| Net Margin | -25.9% | -22.3% | -4.2% | -3.6pp | -21.7pp |
| EPS (Diluted) | $-0.77 | $-0.69 | $-0.81 | -11.7% | 4.5% |
| Free Cash Flow | -$9M | -$8M | -$8M | -4.7% | -4.9% |
| Item | Amount |
|---|---|
| REVENUE | $104M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $34M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $120M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $890.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $14M |
| EBIT | -$21M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$131.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$326.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $500.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$35.0K |
| NET CASH FROM FINANCING | -$35.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $90M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $183M |
| PP&E (Net) | $81M |
| Goodwill | $194M |
| Intangible Assets | $144M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $435M |
| TOTAL ASSETS | $618M |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $151M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $210M |
| TOTAL LIABILITIES | $320M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $713M |
| Retained Earnings | -$418M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $294M |
| Minority Interest | $4M |
| TOTAL EQUITY | $298M |
| TOTAL LIABILITIES & EQUITY | $618M |
| Total Debt | $229M |
| Net Debt | $170M |
