| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $216M | $201M | $162M | 7.9% | 33.3% |
| Op. Income | $17M | $13M | $10M | 26.2% | 72.5% |
| Gross Margin | 16.5% | 15.5% | 16.3% | 1.0pp | 0.2pp |
| Net Margin | 10.8% | -1.6% | 3.6% | 12.4pp | 7.2pp |
| EPS (Diluted) | $0.25 | $-0.03 | $0.06 | 866.9% | 299.4% |
| Free Cash Flow | $18M | $24M | $11M | -25.4% | 61.3% |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $4M |
| Operating Expenses | $19M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $6M |
| EBIT | $24M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $4M |
| Operating Expenses | $19M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $6M |
| EBIT | $24M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$670.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$670.0K |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $44M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $132M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $553M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $583M |
| TOTAL ASSETS | $715M |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $163M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $186M |
| TOTAL LIABILITIES | $267M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $780M |
| Retained Earnings | -$334M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $448M |
| Minority Interest | $0 |
| TOTAL EQUITY | $448M |
| TOTAL LIABILITIES & EQUITY | $715M |
| Total Debt | $176M |
| Net Debt | $149M |
