| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $14M | $14M | 99.1% | 98.0% |
| Op. Income | $3M | -$5M | -$804.0K | 173.0% | 527.9% |
| Gross Margin | 45.0% | 35.2% | 46.8% | 9.8pp | -1.8pp |
| Net Margin | 18.0% | -40.4% | -2.7% | 58.4pp | 20.7pp |
| EPS (Diluted) | $0.56 | $-0.64 | $-0.04 | 187.5% | 1358.4% |
| Free Cash Flow | -$2M | -$5M | -$5M | 65.9% | 63.2% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $7M |
| SG&A Expenses | $9M |
| Other Expenses | -$7.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $367.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $0 |
| 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 | $924.0K |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $7M |
| SG&A Expenses | $9M |
| Other Expenses | -$7.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $367.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $0 |
| 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 | $924.0K |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $924.0K |
| Stock-Based Compensation | $657.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$155.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$155.0K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$271.0K |
| NET CASH FROM FINANCING | $897.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$880.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $209.0K |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $2M |
| Goodwill | $21M |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $19M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $95M |
| Account Payables | $18M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $177.0K |
| Additional Paid-In Capital | $526M |
| Retained Earnings | -$479M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$389.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $39M |
| Minority Interest | -$1M |
| TOTAL EQUITY | $38M |
| TOTAL LIABILITIES & EQUITY | $95M |
| Total Debt | $5M |
| Net Debt | -$4M |
