| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $134M | $136M | $35M | -1.5% | 280.6% |
| Op. Income | -$2M | -$2M | -$3M | 15.5% | 46.3% |
| Gross Margin | 21.4% | 20.0% | 34.6% | 1.4pp | -13.2pp |
| Net Margin | -4.3% | -4.9% | -9.5% | 0.5pp | 5.1pp |
| EPS (Diluted) | $-0.09 | $-0.11 | $-0.06 | 18.2% | -53.3% |
| Free Cash Flow | -$10M | -$692.0K | -$10M | -1337.7% | -3.5% |
| Item | Amount |
|---|---|
| REVENUE | $134M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $6M |
| Operating Expenses | $31M |
| Cost & Expenses | $136M |
| OPERATING INCOME | -$2M |
| Interest Income | $469.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$860.0K |
| 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 | $6M |
| EBIT | -$2M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $254.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | -$178.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $0 |
| Net Receivables | $74M |
| Inventory | $33M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $210M |
| PP&E (Net) | $34M |
| Goodwill | $149M |
| Intangible Assets | $132M |
| Long-Term Investments | $81M |
| Tax Assets | $9M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $407M |
| TOTAL ASSETS | $617M |
| Account Payables | $23M |
| Short-Term Debt | $58M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $147M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $203M |
| TOTAL LIABILITIES | $336M |
| Common Stock | $80M |
| Additional Paid-In Capital | $334M |
| Retained Earnings | $340M |
| Treasury Stock | -$287M |
| Accum. Other Comp. Income | -$186M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $280M |
| Minority Interest | $0 |
| TOTAL EQUITY | $280M |
| TOTAL LIABILITIES & EQUITY | $617M |
| Total Debt | $211M |
| Net Debt | $162M |
