Reported March 29, 2024
| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $31M | $37M | -20.8% | -33.1% |
| Op. Income | -$2M | -$5M | $3M | 55.7% | -171.5% |
| Gross Margin | 23.6% | -1.9% | 31.5% | 25.4pp | -7.9pp |
| Net Margin | -24.8% | -3.8% | -1.8% | -21.0pp | -22.9pp |
| EPS (Diluted) | $-0.06 | $-0.01 | $-0.01 | -413.7% | -800.9% |
| Free Cash Flow | $558.3K | -$37M | -$14M | 101.5% | 104.0% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $3M |
| SG&A Expenses | $6M |
| Other Expenses | $3M |
| Operating Expenses | $9M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$2M |
| Interest Income | $205.1K |
| Interest Expense | $1M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$327.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $2M |
| EBIT | -$2M |
| EBITDA | $146.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $817.4K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $656.2K |
| Net Debt Issuance | $554.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15.1K |
| Other Financing Activities | $604 |
| NET CASH FROM FINANCING | $539.5K |
| FREE CASH FLOW | $558.3K |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $5M |
| Net Receivables | $73M |
| Inventory | $107M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $246M |
| PP&E (Net) | $68M |
| Goodwill | $0 |
| Intangible Assets | $688.2K |
| Long-Term Investments | $339M |
| Tax Assets | $10M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $427M |
| TOTAL ASSETS | $673M |
| Account Payables | $44M |
| Short-Term Debt | $55M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $120M |
| Long-Term Debt | $101M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $158M |
| TOTAL LIABILITIES | $279M |
| Common Stock | $320M |
| Additional Paid-In Capital | $326.8K |
| Retained Earnings | $72M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $394M |
| Minority Interest | $0 |
| TOTAL EQUITY | $394M |
| TOTAL LIABILITIES & EQUITY | $673M |
| Total Debt | $215M |
| Net Debt | $174M |