| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $127M | $156M | $156M | -18.4% | -18.3% |
| Op. Income | -$9M | $10M | $11M | -186.4% | -175.3% |
| Gross Margin | 48.5% | 54.5% | 50.5% | -6.0pp | -2.0pp |
| Net Margin | -5.1% | 1.0% | 5.6% | -6.1pp | -10.7pp |
| EPS (Diluted) | $-0.06 | $0.01 | $0.08 | -700.0% | -175.0% |
| Free Cash Flow | $9M | -$18M | -$10M | 150.6% | 190.3% |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $62M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $726.0K |
| Operating Expenses | $70M |
| Cost & Expenses | $136M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $619.0K |
| Other Income/Expenses | -$276.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $3M |
| EBIT | -$8M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $705.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $6M |
| Net Receivables | $115M |
| Inventory | $104M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $329M |
| PP&E (Net) | $59M |
| Goodwill | $237M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $345M |
| TOTAL ASSETS | $674M |
| Account Payables | $47M |
| Short-Term Debt | $119M |
| Deferred Revenue | $56M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $275M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $333M |
| Common Stock | $112.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $341M |
| Minority Interest | $0 |
| TOTAL EQUITY | $341M |
| TOTAL LIABILITIES & EQUITY | $674M |
| Total Debt | $156M |
| Net Debt | $80M |
