| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $21M | $24M | 11.0% | -2.8% |
| Op. Income | $9M | $8M | $10M | 20.1% | -10.4% |
| Gross Margin | 96.9% | 95.8% | 97.1% | 1.1pp | -0.2pp |
| Net Margin | 13.3% | 37.0% | 7.5% | -23.7pp | 5.9pp |
| EPS (Diluted) | $-0.08 | $0.22 | $-0.13 | -137.6% | 36.4% |
| Free Cash Flow | -$4M | $15M | -$2M | -128.0% | -88.1% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $729.0K |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $10M |
| Operating Expenses | $13M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $9M |
| EBIT | $9M |
| EBITDA | $18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $729.0K |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $10M |
| Operating Expenses | $13M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $9M |
| EBIT | $9M |
| EBITDA | $18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $295.0K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $80.0K |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$204.0K |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $10M |
| Short-Term Debt | $100.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $584M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $77M |
| TOTAL NON-CURRENT LIABILITIES | $661M |
| TOTAL LIABILITIES | $675M |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $856M |
| Retained Earnings | -$135M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $731M |
| Minority Interest | $0 |
| TOTAL EQUITY | $731M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $584M |
| Net Debt | $559M |
