| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $20M | $12M | -6.4% | 59.6% |
| Op. Income | -$8M | -$8M | -$6M | -1.3% | -36.7% |
| Gross Margin | 21.8% | 15.9% | 15.6% | 6.0pp | 6.2pp |
| Net Margin | -114.0% | -94.3% | -63.4% | -19.6pp | -50.6pp |
| EPS (Diluted) | $-1.12 | $-0.99 | $-0.39 | -13.1% | -187.2% |
| Free Cash Flow | -$8M | -$11M | -$4M | 24.6% | -126.4% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $4M |
| R&D Expenses | $4M |
| Selling & Marketing | $4M |
| General & Administrative | $4M |
| SG&A Expenses | $8M |
| Other Expenses | $3.0K |
| Operating Expenses | $12M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | -$20.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $2M |
| EBIT | -$17M |
| EBITDA | -$16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$545.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $16M |
| Inventory | $13M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $37M |
| PP&E (Net) | $27M |
| Goodwill | $21M |
| Intangible Assets | $24M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $842.0K |
| TOTAL NON-CURRENT ASSETS | $74M |
| TOTAL ASSETS | $112M |
| Account Payables | $15M |
| Short-Term Debt | $28M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $67M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $92M |
| TOTAL LIABILITIES | $159M |
| Common Stock | $319.0K |
| Additional Paid-In Capital | $35M |
| Retained Earnings | -$151M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$47M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$47M |
| TOTAL LIABILITIES & EQUITY | $112M |
| Total Debt | $103M |
| Net Debt | $101M |
