| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $61M | $71M | 0.4% | -14.0% |
| Op. Income | -$9M | -$11M | -$10M | 13.3% | 7.7% |
| Gross Margin | 23.6% | 22.2% | 24.2% | 1.4pp | -0.5pp |
| Net Margin | -8.4% | -6.5% | -24.2% | -2.0pp | 15.7pp |
| EPS (Diluted) | $-0.13 | $-0.09 | $-0.38 | -44.4% | 65.8% |
| Free Cash Flow | $906.0K | -$11M | $15M | 108.0% | -93.9% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $14M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$9M |
| Interest Income | $2M |
| Interest Expense | $189.0K |
| Other Income/Expenses | -$303.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$4M |
| 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 | $4M |
| EBIT | -$9M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$829.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$568.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$146.0K |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $906.0K |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $0 |
| Net Receivables | $44M |
| Inventory | $31M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $278M |
| PP&E (Net) | $101M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $36M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $157M |
| TOTAL ASSETS | $434M |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $81M |
| Common Stock | $566.0K |
| Additional Paid-In Capital | $271M |
| Retained Earnings | $305M |
| Treasury Stock | -$205M |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $354M |
| Minority Interest | $0 |
| TOTAL EQUITY | $354M |
| TOTAL LIABILITIES & EQUITY | $434M |
| Total Debt | $5M |
| Net Debt | -$162M |
