| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | $173M | $178M | -37.5% | -39.3% |
| Op. Income | $14M | $12M | -$10M | 22.6% | 242.4% |
| Gross Margin | 46.3% | 37.5% | 21.8% | 8.9pp | 24.5pp |
| Net Margin | 15.4% | 7.9% | 1.5% | 7.5pp | 13.8pp |
| EPS (Diluted) | $0.18 | $0.15 | $0.03 | 20.0% | 514.3% |
| Free Cash Flow | $36M | -$4M | $8M | 1047.4% | 333.7% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $50M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $94M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $600.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $6M |
| EBIT | $11M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $50M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $94M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $600.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $6M |
| EBIT | $11M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$100.0K |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $119M |
| Inventory | $184M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $388M |
| PP&E (Net) | $155M |
| Goodwill | $471M |
| Intangible Assets | $78M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $794M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $52M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $45M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $900.0K |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $82M |
| TOTAL LIABILITIES | $189M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$423M |
| Treasury Stock | -$131M |
| Accum. Other Comp. Income | -$136M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $993M |
| Minority Interest | $0 |
| TOTAL EQUITY | $993M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $56M |
| Net Debt | -$19M |
