| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $129M | $131M | $125M | -1.3% | 3.4% |
| Op. Income | $2M | $2M | $5M | -18.6% | -71.3% |
| Gross Margin | 16.2% | 17.3% | 19.4% | -1.1pp | -3.2pp |
| Net Margin | 0.6% | 1.0% | 3.8% | -0.4pp | -3.1pp |
| EPS (Diluted) | $0.14 | $0.24 | $0.80 | -42.7% | -82.8% |
| Free Cash Flow | -$4M | $4M | $1M | -206.8% | -448.7% |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $8M |
| Operating Expenses | $19M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $735.0K |
| Other Income/Expenses | -$735.0K |
| INCOME BEFORE TAX | $794.0K |
| Income Tax Expense | -$1.0K |
| Net Income from Continuing Ops | $795.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $795.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $795.0K |
| D&A | $6M |
| EBIT | $2M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $8M |
| Operating Expenses | $19M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $735.0K |
| Other Income/Expenses | -$735.0K |
| INCOME BEFORE TAX | $794.0K |
| Income Tax Expense | -$1.0K |
| Net Income from Continuing Ops | $795.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $795.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $795.0K |
| D&A | $6M |
| EBIT | $2M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $795.0K |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $751.0K |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | $714.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$56.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $51.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $10M |
| Other Current Assets | $122.0K |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $312M |
| Goodwill | $7M |
| Intangible Assets | $624.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $322M |
| TOTAL ASSETS | $343M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $36M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $228.0K |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $240M |
| TOTAL LIABILITIES | $307M |
| Common Stock | $484.0K |
| Additional Paid-In Capital | $210M |
| Retained Earnings | -$139M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $0 |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $343M |
| Total Debt | $262M |
| Net Debt | $260M |
