| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $29M | $34M | -0.3% | -13.2% |
| Op. Income | -$2M | -$1M | $2M | -52.8% | -216.7% |
| Gross Margin | 37.6% | 40.5% | 39.5% | -2.8pp | -1.9pp |
| Net Margin | -9.4% | -6.2% | 3.1% | -3.1pp | -12.5pp |
| EPS (Diluted) | $-0.42 | $-0.12 | $0.07 | -250.0% | -702.6% |
| Free Cash Flow | $1M | $3M | $6M | -68.1% | -81.6% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $11M |
| R&D Expenses | $1M |
| Selling & Marketing | $2M |
| General & Administrative | $5M |
| SG&A Expenses | $8M |
| Other Expenses | $4M |
| Operating Expenses | $13M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$2M |
| Interest Income | $52.0K |
| Interest Expense | $352.0K |
| Other Income/Expenses | -$722.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $57.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $4M |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $4M |
| EBIT | -$2M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $17.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $350.0K |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$259.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $478.0K |
| Other Current Assets | $50.0K |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $10M |
| Goodwill | $61M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $745.0K |
| TOTAL NON-CURRENT ASSETS | $98M |
| TOTAL ASSETS | $126M |
| Account Payables | $6M |
| Short-Term Debt | $490.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $422.0K |
| Deferred Tax Liabilities | $606.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $124M |
| Retained Earnings | -$31M |
| Treasury Stock | -$662.0K |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $88M |
| Minority Interest | $0 |
| TOTAL EQUITY | $88M |
| TOTAL LIABILITIES & EQUITY | $126M |
| Total Debt | $17M |
| Net Debt | $11M |
