| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $31M | $0 | -2.9% | — |
| Op. Income | -$19M | -$12M | $59M | -58.0% | -132.3% |
| Gross Margin | 0.7% | 8.6% | — | -7.9pp | — |
| Net Margin | -61.4% | -42.3% | — | -19.2pp | — |
| EPS (Diluted) | $-0.07 | $-0.05 | $0.24 | -37.8% | -129.3% |
| Free Cash Flow | -$25M | -$30M | -$42M | 18.3% | 41.7% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $225.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $13M |
| Operating Expenses | $19M |
| Cost & Expenses | $49M |
| OPERATING INCOME | -$19M |
| Interest Income | $11.0K |
| Interest Expense | $627.0K |
| Other Income/Expenses | -$612.0K |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $16M |
| EBIT | -$19M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$31M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$450.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $20M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$222.0K |
| NET CASH FROM FINANCING | $366.0K |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $360.0K |
| Inventory | $14M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $54M |
| PP&E (Net) | $264M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $34M |
| Tax Assets | $0 |
| Other Non-Current Assets | $65M |
| TOTAL NON-CURRENT ASSETS | $362M |
| TOTAL ASSETS | $416M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $74M |
| Common Stock | $259.0K |
| Additional Paid-In Capital | $491M |
| Retained Earnings | -$148M |
| Treasury Stock | -$5.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $343M |
| Minority Interest | $0 |
| TOTAL EQUITY | $343M |
| TOTAL LIABILITIES & EQUITY | $416M |
| Total Debt | $25M |
| Net Debt | $22M |
