| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $72M | $71M | -14.7% | -14.0% |
| Op. Income | $6M | $12M | $17M | -53.3% | -66.1% |
| Gross Margin | 31.1% | 32.8% | 41.1% | -1.7pp | -10.0pp |
| Net Margin | 8.5% | 14.4% | 17.9% | -5.9pp | -9.4pp |
| EPS (Diluted) | $0.34 | $0.68 | $0.92 | -50.0% | -63.0% |
| Free Cash Flow | $2M | $6M | $72.0K | -75.1% | 2133.3% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $195.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $2M |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $195.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $2M |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $107M |
| Purchases of Investments | -$112M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$107M |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$21.0K |
| NET CASH FROM FINANCING | $292.0K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $131M |
| Net Receivables | $32M |
| Inventory | $105M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $303M |
| PP&E (Net) | $36M |
| Goodwill | $7M |
| Intangible Assets | $6M |
| Long-Term Investments | $7M |
| Tax Assets | $998.0K |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $361M |
| Account Payables | $12M |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $782.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $49M |
| Common Stock | $153.0K |
| Additional Paid-In Capital | $187M |
| Retained Earnings | $125M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$268.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $312M |
| Minority Interest | $0 |
| TOTAL EQUITY | $312M |
| TOTAL LIABILITIES & EQUITY | $361M |
| Total Debt | $26M |
| Net Debt | -$5M |
