| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $113M | $127M | $163M | -11.0% | -30.6% |
| Op. Income | -$12M | $9M | -$401M | -227.2% | 97.0% |
| Gross Margin | 13.7% | 29.1% | -16.7% | -15.5pp | 30.3pp |
| Net Margin | -36.4% | -7.3% | -267.4% | -29.1pp | 231.0pp |
| EPS (Diluted) | $-0.11 | $-0.02 | $-1.23 | -347.2% | 91.1% |
| Free Cash Flow | $3M | $17M | -$57M | -84.2% | 104.7% |
| Item | Amount |
|---|---|
| REVENUE | $113M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $15M |
| R&D Expenses | $2M |
| Selling & Marketing | $1M |
| General & Administrative | $24M |
| SG&A Expenses | $25M |
| Other Expenses | $658.0K |
| Operating Expenses | $27M |
| Cost & Expenses | $125M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $114.0K |
| NET INCOME | -$41M |
| D&A | $24M |
| EBIT | -$39M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$83M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$126.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $559.0K |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $135M |
| PP&E (Net) | $554M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $571M |
| TOTAL ASSETS | $705M |
| Account Payables | $46M |
| Short-Term Debt | $148M |
| Deferred Revenue | $63M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $313M |
| Long-Term Debt | $680M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $95M |
| TOTAL NON-CURRENT LIABILITIES | $812M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$419M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$419M |
| TOTAL LIABILITIES & EQUITY | $705M |
| Total Debt | $865M |
| Net Debt | $801M |
