| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $362M | $349M | -12.2% | -9.0% |
| Op. Income | -$19M | -$17M | -$13M | -8.8% | -42.1% |
| Gross Margin | 11.6% | 11.2% | 13.2% | 0.4pp | -1.6pp |
| Net Margin | -4.6% | -4.1% | -2.4% | -0.6pp | -2.2pp |
| EPS (Diluted) | $-0.77 | $-0.77 | $-0.45 | 0.0% | -71.1% |
| Free Cash Flow | $18M | -$51M | $26M | 134.8% | -31.4% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $336M |
| OPERATING INCOME | -$19M |
| Interest Income | $919.0K |
| Interest Expense | $446.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $3M |
| EBIT | -$15M |
| EBITDA | -$12M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$26.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$217.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$132.0K |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $142M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $263M |
| PP&E (Net) | $141M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $3M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $156M |
| TOTAL ASSETS | $419M |
| Account Payables | $143M |
| Short-Term Debt | $7M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $210M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $72M |
| TOTAL LIABILITIES | $283M |
| Common Stock | $8M |
| Additional Paid-In Capital | $258M |
| Retained Earnings | -$116M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $43.0K |
| Other Equity | -$15M |
| TOTAL STOCKHOLDERS' EQUITY | $136M |
| Minority Interest | $0 |
| TOTAL EQUITY | $136M |
| TOTAL LIABILITIES & EQUITY | $419M |
| Total Debt | $91M |
| Net Debt | $37M |
