| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $152M | $147M | $129M | 3.4% | 18.0% |
| Op. Income | -$24M | -$30M | -$40M | 19.1% | 38.8% |
| Gross Margin | 41.0% | 40.8% | 38.0% | 0.2pp | 3.0pp |
| Net Margin | -12.2% | -16.6% | -28.6% | 4.4pp | 16.4pp |
| EPS (Diluted) | $-0.75 | $-0.95 | $-1.50 | 21.1% | 50.0% |
| Free Cash Flow | -$10M | -$9M | -$24M | -8.1% | 59.5% |
| Item | Amount |
|---|---|
| REVENUE | $152M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $62M |
| R&D Expenses | $5M |
| Selling & Marketing | $18M |
| General & Administrative | $61M |
| SG&A Expenses | $79M |
| Other Expenses | $2M |
| Operating Expenses | $87M |
| Cost & Expenses | $176M |
| OPERATING INCOME | -$24M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $18M |
| EBIT | -$20M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $21M |
| Net Debt Issuance | -$5.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $306M |
| Short-Term Investments | $96M |
| Net Receivables | $133M |
| Inventory | $24M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $587M |
| PP&E (Net) | $182M |
| Goodwill | $523M |
| Intangible Assets | $382M |
| Long-Term Investments | $0 |
| Tax Assets | $25M |
| Other Non-Current Assets | -$20M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $17M |
| Short-Term Debt | $4.0K |
| Deferred Revenue | $4M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $93M |
| Long-Term Debt | $537M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $638M |
| TOTAL LIABILITIES | $731M |
| Common Stock | $127.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$233M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $947M |
| Minority Interest | $0 |
| TOTAL EQUITY | $947M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $606M |
| Net Debt | $299M |
