| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $156M | $157M | $126M | -1.1% | 23.3% |
| Op. Income | $11M | $15M | $5M | -24.3% | 112.7% |
| Gross Margin | 50.5% | 52.3% | 52.4% | -1.9pp | -1.9pp |
| Net Margin | 5.6% | 9.4% | 1.2% | -3.8pp | 4.4pp |
| EPS (Diluted) | $0.08 | $0.14 | $0.01 | -42.9% | 700.0% |
| Free Cash Flow | -$10M | $19M | $12M | -153.9% | -181.9% |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $79M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $335.0K |
| Operating Expenses | $67M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $3M |
| EBIT | $11M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $79M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $335.0K |
| Operating Expenses | $67M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $3M |
| EBIT | $11M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $397.0K |
| Other Non-Cash Items | $88.0K |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$87.0K |
| Common Stock Repurchased | -$120.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $0 |
| Net Receivables | $111M |
| Inventory | $99M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $337M |
| PP&E (Net) | $66M |
| Goodwill | $234M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $361M |
| TOTAL ASSETS | $698M |
| Account Payables | $61M |
| Short-Term Debt | $42M |
| Deferred Revenue | $58M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $222M |
| Long-Term Debt | $124M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $175M |
| TOTAL LIABILITIES | $397M |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $301M |
| Minority Interest | $0 |
| TOTAL EQUITY | $301M |
| TOTAL LIABILITIES & EQUITY | $698M |
| Total Debt | $197M |
| Net Debt | $91M |
