| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $86M | $83M | -0.5% | 2.7% |
| Op. Income | -$912.0K | $813.0K | -$8M | -212.2% | 89.1% |
| Gross Margin | 36.6% | 37.8% | 38.7% | -1.2pp | -2.1pp |
| Net Margin | -18.8% | -20.1% | -23.8% | 1.3pp | 5.0pp |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | NaN% | NaN% |
| Free Cash Flow | $823.0K | $182.0K | -$274.0K | 352.2% | 400.4% |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $31M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $28M |
| Operating Expenses | $32M |
| Cost & Expenses | $87M |
| OPERATING INCOME | -$912.0K |
| Interest Income | $258.0K |
| Interest Expense | $16M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $157.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $3M |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $21M |
| EBIT | -$248.0K |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $229.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $574.0K |
| Change in Working Capital | $227.0K |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$46.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $823.0K |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $118M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $48M |
| Short-Term Debt | $348M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $406M |
| Long-Term Debt | $809M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $825M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $934M |
| Minority Interest | $7M |
| TOTAL EQUITY | $941M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
