Reported March 31, 2023
| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $37M | $28M | -1.7% | 29.0% |
| Op. Income | $3M | -$3M | $37M | 223.8% | -91.3% |
| Gross Margin | 31.5% | 9.6% | 84.2% | 21.9pp | -52.7pp |
| Net Margin | -1.8% | -7.0% | 58.0% | 5.1pp | -59.8pp |
| EPS (Diluted) | $-0.01 | $-0.03 | $0.16 | 74.4% | -104.2% |
| Free Cash Flow | -$14M | -$3M | -$33M | -395.1% | 58.5% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | -$4M |
| Operating Expenses | $8M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $3M |
| Interest Income | $410.0K |
| Interest Expense | $970.1K |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$663.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$663.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$663.4K |
| D&A | $3M |
| EBIT | $6M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$663.4K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $201.7K |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$175.1K |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $5M |
| Net Receivables | $70M |
| Inventory | $128M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $274M |
| PP&E (Net) | $70M |
| Goodwill | $0 |
| Intangible Assets | $286.5K |
| Long-Term Investments | $317M |
| Tax Assets | $2M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $397M |
| TOTAL ASSETS | $671M |
| Account Payables | $4M |
| Short-Term Debt | $56M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $122M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $55M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $139M |
| TOTAL LIABILITIES | $261M |
| Common Stock | $320M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $89M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12M |
| Other Equity | -$10M |
| TOTAL STOCKHOLDERS' EQUITY | $411M |
| Minority Interest | $0 |
| TOTAL EQUITY | $411M |
| TOTAL LIABILITIES & EQUITY | $671M |
| Total Debt | $183M |
| Net Debt | $138M |