| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $161M | $167M | -12.9% | -16.0% |
| Op. Income | -$813.0K | $9M | $20M | -108.7% | -104.1% |
| Gross Margin | 9.1% | 14.7% | 20.6% | -5.6pp | -11.5pp |
| Net Margin | -9.4% | -1.6% | 8.5% | -7.9pp | -18.0pp |
| EPS (Diluted) | $-0.39 | $-0.08 | $0.45 | -411.8% | -186.7% |
| Free Cash Flow | -$14M | $21M | $10M | -164.7% | -241.0% |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $128M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $514.0K |
| Operating Expenses | $14M |
| Cost & Expenses | $141M |
| OPERATING INCOME | -$813.0K |
| Interest Income | $462.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $215.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $13M |
| EBIT | -$189.0K |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $580.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $160.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$106.0K |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $86M |
| Inventory | $59M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $163M |
| PP&E (Net) | $127M |
| Goodwill | $0 |
| Intangible Assets | $93M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $224M |
| TOTAL ASSETS | $387M |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $319M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $355M |
| TOTAL LIABILITIES | $413M |
| Common Stock | $353.0K |
| Additional Paid-In Capital | $795M |
| Retained Earnings | -$816M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$26M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$26M |
| TOTAL LIABILITIES & EQUITY | $387M |
| Total Debt | $363M |
| Net Debt | $351M |
