| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $325M | $323M | $371M | 0.4% | -12.5% |
| Op. Income | -$101M | $6M | $3M | -1847.3% | -3789.3% |
| Gross Margin | 47.0% | 43.2% | 40.0% | 3.8pp | 7.0pp |
| Net Margin | -34.6% | -2.5% | -1.3% | -32.1pp | -33.3pp |
| EPS (Diluted) | $-3.52 | $-0.25 | $-0.14 | -1308.0% | -2414.3% |
| Free Cash Flow | -$24M | $55M | -$14M | -143.3% | -68.4% |
| Item | Amount |
|---|---|
| REVENUE | $325M |
| Cost of Revenue | $172M |
| GROSS PROFIT | $153M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $132.0K |
| Operating Expenses | $147M |
| Cost & Expenses | $319M |
| OPERATING INCOME | -$101M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$113M |
| Income Tax Expense | -$459.0K |
| Net Income from Continuing Ops | -$112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$112M |
| D&A | $10M |
| EBIT | -$101M |
| EBITDA | -$92M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$112M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $425.0K |
| Other Non-Cash Items | $107M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $37M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$22.0K |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $31M |
| Inventory | $422M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $540M |
| PP&E (Net) | $148M |
| Goodwill | $0 |
| Intangible Assets | $257M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $407M |
| TOTAL ASSETS | $948M |
| Account Payables | $161M |
| Short-Term Debt | $20M |
| Deferred Revenue | $48M |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $291M |
| Long-Term Debt | $325M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $51M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $406M |
| TOTAL LIABILITIES | $697M |
| Common Stock | $317.0K |
| Additional Paid-In Capital | $359M |
| Retained Earnings | -$91M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $251M |
| Minority Interest | $0 |
| TOTAL EQUITY | $251M |
| TOTAL LIABILITIES & EQUITY | $948M |
| Total Debt | $377M |
| Net Debt | $340M |
