| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $119M | $140M | $130M | -14.9% | -8.1% |
| Op. Income | $5M | $19M | $13M | -73.0% | -58.5% |
| Gross Margin | 47.5% | 50.3% | 50.0% | -2.8pp | -2.5pp |
| Net Margin | 3.4% | 8.3% | 8.1% | -4.9pp | -4.7pp |
| EPS (Diluted) | $0.00 | $0.18 | $0.16 | -99.9% | -99.9% |
| Free Cash Flow | $1M | $28M | $3M | -95.9% | -55.5% |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $3M |
| Operating Expenses | $51M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $5M |
| Interest Income | $564.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $507.0K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| 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 | $3M |
| EBIT | $5M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $3M |
| Operating Expenses | $51M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $5M |
| Interest Income | $564.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $507.0K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| 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 | $3M |
| EBIT | $5M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $912.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $69.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $7.0K |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $7.0K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$312.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $50M |
| Net Receivables | $3M |
| Inventory | $100M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $171M |
| PP&E (Net) | $178M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | -$451.0K |
| Tax Assets | $22M |
| Other Non-Current Assets | $902.0K |
| TOTAL NON-CURRENT ASSETS | $202M |
| TOTAL ASSETS | $373M |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $101M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $222M |
| Common Stock | $789.0K |
| Additional Paid-In Capital | $324M |
| Retained Earnings | -$52M |
| Treasury Stock | -$120M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $151M |
| Minority Interest | $0 |
| TOTAL EQUITY | $151M |
| TOTAL LIABILITIES & EQUITY | $373M |
| Total Debt | $160M |
| Net Debt | $150M |
