| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $177M | $196M | $229M | -9.7% | -22.9% |
| Op. Income | $15M | $17M | -$12M | -15.1% | 220.1% |
| Gross Margin | 50.2% | 43.9% | 27.6% | 6.3pp | 22.5pp |
| Net Margin | -0.6% | 0.6% | -12.2% | -1.2pp | 11.6pp |
| EPS (Diluted) | $-0.03 | $0.03 | $-0.71 | -198.2% | 96.2% |
| Free Cash Flow | -$979.0K | $40M | -$52M | -102.4% | 98.1% |
| Item | Amount |
|---|---|
| REVENUE | $177M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $89M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $64M |
| Operating Expenses | $74M |
| Cost & Expenses | $162M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$273.0K |
| Income Tax Expense | $788.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $4.0K |
| NET INCOME | -$1M |
| Net Income Deductions | -$25.0K |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $12M |
| EBIT | $14M |
| EBITDA | $26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $37.0K |
| Deferred Income Tax | $455.0K |
| Other Non-Cash Items | $560.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $908.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$198.0K |
| Other Financing Activities | -$28.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$979.0K |
| Net Change in Cash | -$3.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54.0K |
| Short-Term Investments | $0 |
| Net Receivables | $63M |
| Inventory | $42M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $112M |
| PP&E (Net) | $365M |
| Goodwill | $17M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $12M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $396M |
| TOTAL ASSETS | $508M |
| Account Payables | $52M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $440M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $492M |
| TOTAL LIABILITIES | $573M |
| Common Stock | -$67M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$67M |
| Minority Interest | $2M |
| TOTAL EQUITY | -$65M |
| TOTAL LIABILITIES & EQUITY | $508M |
| Total Debt | $498M |
| Net Debt | $498M |
