| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $96M | $94M | $75M | 2.0% | 28.0% |
| Op. Income | $10M | $18M | $27M | -43.5% | -63.0% |
| Gross Margin | 40.3% | 48.4% | 72.8% | -8.1pp | -32.5pp |
| Net Margin | 8.7% | 15.1% | 28.3% | -6.4pp | -19.6pp |
| EPS (Diluted) | $0.06 | $0.11 | $0.16 | -45.5% | -62.5% |
| Free Cash Flow | $7M | $9M | $25M | -19.6% | -71.1% |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $39M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $14M |
| SG&A Expenses | $16M |
| Other Expenses | $13M |
| Operating Expenses | $29M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $10M |
| Interest Income | $91M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $3M |
| EBIT | $10M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $39M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $14M |
| SG&A Expenses | $16M |
| Other Expenses | $13M |
| Operating Expenses | $29M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $10M |
| Interest Income | $91M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $3M |
| EBIT | $10M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $333.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$823.0K |
| Change in Working Capital | -$991.0K |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | $53M |
| Net Debt Issuance | $289M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$71M |
| NET CASH FROM FINANCING | $207M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $269M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $329M |
| Short-Term Investments | $1.4B |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $92M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $8.0B |
| Tax Assets | $27M |
| Other Non-Current Assets | $432M |
| TOTAL NON-CURRENT ASSETS | $8.5B |
| TOTAL ASSETS | $10.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.1B |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $154M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $9.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $47M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$127M |
| Other Equity | -$28M |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $10.3B |
| Total Debt | $3.0B |
| Net Debt | $2.7B |
