| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $117M | $129M | $110M | -8.8% | 6.7% |
| Op. Income | $8M | $9M | $5M | -14.5% | 49.8% |
| Gross Margin | 27.4% | 26.5% | 24.3% | 0.9pp | 3.1pp |
| Net Margin | 4.0% | 5.0% | 3.3% | -1.0pp | 0.7pp |
| EPS (Diluted) | $0.16 | $0.22 | $0.13 | -27.3% | 23.1% |
| Free Cash Flow | $12M | $9M | $3M | 31.5% | 250.7% |
| Item | Amount |
|---|---|
| REVENUE | $117M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $110M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $877.0K |
| Other Income/Expenses | -$806.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $2M |
| EBIT | $8M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $117M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $110M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $877.0K |
| Other Income/Expenses | -$806.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $2M |
| EBIT | $8M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $990.0K |
| Deferred Income Tax | $10.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$759.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$759.0K |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $72M |
| Inventory | $68M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $146M |
| PP&E (Net) | $32M |
| Goodwill | $45M |
| Intangible Assets | $64M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $145M |
| TOTAL ASSETS | $291M |
| Account Payables | $25M |
| Short-Term Debt | $4M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $46M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $57M |
| TOTAL LIABILITIES | $123M |
| Common Stock | $146M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $22M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | $237.0K |
| Other Equity | $7M |
| TOTAL STOCKHOLDERS' EQUITY | $168M |
| Minority Interest | $0 |
| TOTAL EQUITY | $168M |
| TOTAL LIABILITIES & EQUITY | $291M |
| Total Debt | $58M |
| Net Debt | $57M |
