| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $180M | $174M | $192M | 3.4% | -6.7% |
| Op. Income | -$6M | -$8M | $32M | 24.2% | -119.0% |
| Gross Margin | 38.2% | 38.2% | 39.8% | -0.0pp | -1.6pp |
| Net Margin | -2.2% | -2.9% | 12.8% | 0.7pp | -14.9pp |
| EPS (Diluted) | $-0.47 | $-0.61 | $3.02 | 23.0% | -115.6% |
| Free Cash Flow | -$8M | -$23M | $14M | 66.9% | -152.8% |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $5M |
| Operating Expenses | $74M |
| Cost & Expenses | $185M |
| OPERATING INCOME | -$6M |
| Interest Income | $894.0K |
| Interest Expense | $76.0K |
| Other Income/Expenses | $818.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$1M |
| 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 | $5M |
| EBIT | -$5M |
| EBITDA | -$360.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$42.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$42.0K |
| NET CASH FROM FINANCING | -$42.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $130M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $204M |
| PP&E (Net) | $296M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $304M |
| TOTAL ASSETS | $508M |
| Account Payables | $83M |
| Short-Term Debt | $47M |
| Deferred Revenue | $25M |
| Other Current Liabilities | -$29M |
| TOTAL CURRENT LIABILITIES | $156M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $199M |
| TOTAL LIABILITIES | $355M |
| Common Stock | $160.0K |
| Additional Paid-In Capital | $105M |
| Retained Earnings | $316M |
| Treasury Stock | -$267M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $153M |
| Minority Interest | $0 |
| TOTAL EQUITY | $153M |
| TOTAL LIABILITIES & EQUITY | $508M |
| Total Debt | $243M |
| Net Debt | $184M |
