| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $186M | $185M | $165M | 0.5% | 12.6% |
| Op. Income | -$12M | $14M | -$49M | -188.1% | 75.6% |
| Gross Margin | 6.7% | 20.1% | -17.9% | -13.4pp | 24.6pp |
| Net Margin | -4.0% | 4.2% | -29.1% | -8.2pp | 25.2pp |
| EPS (Diluted) | $-0.28 | $0.30 | $-1.83 | -193.3% | 84.7% |
| Free Cash Flow | -$56M | $5M | $28M | -1115.9% | -296.9% |
| Item | Amount |
|---|---|
| REVENUE | $186M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $3M |
| Operating Expenses | $25M |
| Cost & Expenses | $198M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $2M |
| EBIT | -$9M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$752.0K |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | -$53M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $278M |
| Sales/Maturities of Investments | -$237M |
| Other Investing Activities | -$226.0K |
| NET CASH FROM INVESTING | $38M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $229M |
| Short-Term Investments | $175M |
| Net Receivables | $823M |
| Inventory | $0 |
| Other Current Assets | -$1.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $58M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $653M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$755M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $2.4B |
| Account Payables | $297M |
| Short-Term Debt | $92M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$406M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $36M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$95M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $337M |
| Retained Earnings | -$5M |
| Treasury Stock | -$131M |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $151M |
| Minority Interest | $0 |
| TOTAL EQUITY | $151M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $151M |
| Net Debt | -$77M |
