| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $125M | $127M | -0.6% | -2.2% |
| Op. Income | -$3M | -$4M | -$2M | 32.3% | -29.4% |
| Gross Margin | 16.0% | 14.0% | 15.1% | 2.0pp | 0.9pp |
| Net Margin | -4.1% | -11.5% | -1.7% | 7.4pp | -2.3pp |
| EPS (Diluted) | $-0.11 | $-0.31 | $-0.08 | 64.5% | -35.1% |
| Free Cash Flow | $11M | $1M | -$4M | 815.5% | 351.4% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $11M |
| Operating Expenses | $23M |
| Cost & Expenses | $127M |
| OPERATING INCOME | -$3M |
| Interest Income | $6M |
| Interest Expense | $6M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$245.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $12M |
| EBIT | -$1M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $894.0K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $99.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $334.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $85M |
| Inventory | $71M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $193M |
| PP&E (Net) | $229M |
| Goodwill | $0 |
| Intangible Assets | $62M |
| Long-Term Investments | $29M |
| Tax Assets | $164.0K |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $327M |
| TOTAL ASSETS | $521M |
| Account Payables | $49M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $146M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $214M |
| TOTAL LIABILITIES | $303M |
| Common Stock | $473.0K |
| Additional Paid-In Capital | $460M |
| Retained Earnings | -$275M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $218M |
| Minority Interest | $0 |
| TOTAL EQUITY | $218M |
| TOTAL LIABILITIES & EQUITY | $521M |
| Total Debt | $206M |
| Net Debt | $184M |
