| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $102M | $87M | $79M | 17.1% | 29.3% |
| Op. Income | -$9M | -$8M | -$33M | -13.4% | 73.4% |
| Gross Margin | 23.9% | 28.4% | 7.4% | -4.5pp | 16.5pp |
| Net Margin | -11.4% | -11.9% | -11.4% | 0.4pp | -0.0pp |
| EPS (Diluted) | $-0.06 | $-0.05 | $-0.05 | -12.6% | -3.2% |
| Free Cash Flow | $307.0K | -$16M | -$14M | 101.9% | 102.2% |
| Item | Amount |
|---|---|
| REVENUE | $102M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $24M |
| R&D Expenses | $6M |
| Selling & Marketing | $6M |
| General & Administrative | $20M |
| SG&A Expenses | $26M |
| Other Expenses | $832.0K |
| Operating Expenses | $33M |
| Cost & Expenses | $111M |
| OPERATING INCOME | -$9M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $18M |
| EBIT | -$8M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $663.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$6.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6.0K |
| FREE CASH FLOW | $307.0K |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $0 |
| Net Receivables | $106M |
| Inventory | $388.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $248M |
| PP&E (Net) | $20M |
| Goodwill | $312M |
| Intangible Assets | $135M |
| Long-Term Investments | $25M |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $524M |
| TOTAL ASSETS | $772M |
| Account Payables | $44M |
| Short-Term Debt | $7M |
| Deferred Revenue | $41M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $175M |
| Long-Term Debt | $23.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $195M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$986M |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $577M |
| Minority Interest | $0 |
| TOTAL EQUITY | $577M |
| TOTAL LIABILITIES & EQUITY | $772M |
| Total Debt | $15M |
| Net Debt | -$77M |
