| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $138M | $139M | $147M | -0.6% | -6.1% |
| Op. Income | -$12M | -$1M | -$7M | -761.3% | -68.2% |
| Gross Margin | 50.2% | 51.4% | 52.3% | -1.2pp | -2.1pp |
| Net Margin | -7.6% | -1.4% | -4.2% | -6.1pp | -3.3pp |
| EPS (Diluted) | $-0.32 | $-0.06 | $-0.19 | -426.3% | -68.4% |
| Free Cash Flow | -$38M | $3M | -$15M | -1552.0% | -149.9% |
| Item | Amount |
|---|---|
| REVENUE | $138M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $151M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $9M |
| EBIT | -$12M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $21.0K |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $45.0K |
| Other Investing Activities | $45.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $35M |
| Common Stock Repurchased | -$4.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $126.0K |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $174M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $204M |
| PP&E (Net) | $304M |
| Goodwill | $402.0K |
| Intangible Assets | $436.0K |
| Long-Term Investments | $5M |
| Tax Assets | $4M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $322M |
| TOTAL ASSETS | $526M |
| Account Payables | $54M |
| Short-Term Debt | $37M |
| Deferred Revenue | -$36M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $141M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $171M |
| TOTAL LIABILITIES | $312M |
| Common Stock | $103M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $117M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$553.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $217M |
| Minority Interest | -$3M |
| TOTAL EQUITY | $214M |
| TOTAL LIABILITIES & EQUITY | $526M |
| Total Debt | $227M |
| Net Debt | $219M |
