| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $138M | $132M | $141M | 4.3% | -1.7% |
| Op. Income | $2M | -$1M | -$813.0K | 270.7% | 401.5% |
| Gross Margin | 11.4% | 8.3% | 9.1% | 3.1pp | 2.3pp |
| Net Margin | -7.3% | -10.6% | -9.4% | 3.3pp | 2.1pp |
| EPS (Diluted) | $-0.26 | $-0.40 | $-0.39 | 35.0% | 33.3% |
| Free Cash Flow | -$9M | $10M | -$14M | -190.2% | 32.4% |
| Item | Amount |
|---|---|
| REVENUE | $138M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $16M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $867.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $136M |
| OPERATING INCOME | $2M |
| Interest Income | $196.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $73.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $12M |
| EBIT | $3M |
| EBITDA | $15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $837.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $318.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$123.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $56M |
| Other Current Assets | $615.0K |
| TOTAL CURRENT ASSETS | $158M |
| PP&E (Net) | $111M |
| Goodwill | $0 |
| Intangible Assets | $82M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $196M |
| TOTAL ASSETS | $353M |
| Account Payables | $30M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1 |
| TOTAL CURRENT LIABILITIES | $64M |
| Long-Term Debt | $318M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $347M |
| TOTAL LIABILITIES | $411M |
| Common Stock | $424.0K |
| Additional Paid-In Capital | $806M |
| Retained Earnings | -$858M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | -$58M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$58M |
| TOTAL LIABILITIES & EQUITY | $353M |
| Total Debt | $356M |
| Net Debt | $340M |
