| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $275M | $289M | $300M | -4.8% | -8.3% |
| Op. Income | $7M | $20M | $20M | -65.9% | -65.5% |
| Gross Margin | 33.2% | 35.5% | 34.0% | -2.3pp | -0.7pp |
| Net Margin | -1.0% | 2.3% | 2.4% | -3.3pp | -3.4pp |
| EPS (Diluted) | $-0.03 | $0.06 | $0.07 | -141.5% | -137.7% |
| Free Cash Flow | -$4M | $17M | $4M | -121.8% | -190.6% |
| Item | Amount |
|---|---|
| REVENUE | $275M |
| Cost of Revenue | $184M |
| GROSS PROFIT | $92M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $72M |
| SG&A Expenses | $85M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $269M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$394.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $20M |
| EBIT | $7M |
| EBITDA | $26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$394.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $725.0K |
| Common Stock Repurchased | -$61.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $120.0K |
| NET CASH FROM FINANCING | $784.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $171M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $267M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $293M |
| TOTAL ASSETS | $509M |
| Account Payables | $79M |
| Short-Term Debt | $21M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $252M |
| Long-Term Debt | $293M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $466M |
| TOTAL LIABILITIES | $719M |
| Common Stock | $1M |
| Additional Paid-In Capital | $134M |
| Retained Earnings | -$344M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$475.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$209M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$209M |
| TOTAL LIABILITIES & EQUITY | $509M |
| Total Debt | $521M |
| Net Debt | $505M |
