| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $151M | $169M | $207M | -10.7% | -27.0% |
| Op. Income | $7M | $16M | $34M | -52.7% | -78.0% |
| Gross Margin | 47.0% | 47.6% | 47.4% | -0.6pp | -0.4pp |
| Net Margin | 2.6% | 6.3% | 12.0% | -3.7pp | -9.4pp |
| EPS (Diluted) | $0.08 | $0.22 | $0.51 | -63.0% | -84.0% |
| Free Cash Flow | $25M | $50M | $35M | -49.8% | -27.2% |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $71M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $10M |
| Operating Expenses | $63M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $7M |
| Interest Income | $3M |
| Interest Expense | $773.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $12M |
| EBIT | $8M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $71M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $10M |
| Operating Expenses | $63M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $7M |
| Interest Income | $3M |
| Interest Expense | $773.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $12M |
| EBIT | $8M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $975.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$504.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $293M |
| Short-Term Investments | $94M |
| Net Receivables | $130M |
| Inventory | $167M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $719M |
| PP&E (Net) | $84M |
| Goodwill | $221M |
| Intangible Assets | $125M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $449M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $37M |
| Short-Term Debt | $11M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $128M |
| Long-Term Debt | $35M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $221M |
| Common Stock | $49M |
| Additional Paid-In Capital | $680M |
| Retained Earnings | $321M |
| Treasury Stock | -$56M |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $946M |
| Minority Interest | $0 |
| TOTAL EQUITY | $946M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $60M |
| Net Debt | -$233M |
