| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $411M | $419M | $414M | -1.8% | -0.7% |
| Op. Income | -$5M | $10M | $631.0K | -152.7% | -926.1% |
| Gross Margin | 8.2% | 14.9% | 9.1% | -6.7pp | -0.8pp |
| Net Margin | -1.3% | 2.0% | 0.1% | -3.3pp | -1.4pp |
| EPS (Diluted) | $-0.07 | $0.12 | $0.00 | -161.6% | -1818.6% |
| Free Cash Flow | $1M | $6M | -$11M | -83.2% | 109.3% |
| Item | Amount |
|---|---|
| REVENUE | $411M |
| Cost of Revenue | $378M |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $417M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $3M |
| EBIT | -$4M |
| EBITDA | -$951.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $36.0K |
| Purchases of Investments | -$36.0K |
| Sales/Maturities of Investments | $567.0K |
| Other Investing Activities | $36.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $984.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $90M |
| Net Receivables | $369M |
| Inventory | $19M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $533M |
| PP&E (Net) | $29M |
| Goodwill | $76M |
| Intangible Assets | $13M |
| Long-Term Investments | $29M |
| Tax Assets | $33M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $217M |
| TOTAL ASSETS | $751M |
| Account Payables | $71M |
| Short-Term Debt | $45M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $188M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $110M |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $309M |
| Common Stock | $763.0K |
| Additional Paid-In Capital | $308M |
| Retained Earnings | $170M |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $442M |
| Minority Interest | $0 |
| TOTAL EQUITY | $442M |
| TOTAL LIABILITIES & EQUITY | $751M |
| Total Debt | $57M |
| Net Debt | $25M |
