| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $188M | $196M | $183M | -4.3% | 2.5% |
| Op. Income | -$67M | -$75M | -$104M | 10.8% | 35.5% |
| Gross Margin | 17.4% | 19.2% | 2.7% | -1.9pp | 14.6pp |
| Net Margin | 23.5% | -44.2% | -59.0% | 67.7pp | 82.5pp |
| EPS (Diluted) | $-1.49 | $-2.90 | $-3.62 | 48.6% | 58.8% |
| Free Cash Flow | -$49M | -$55M | -$148M | 10.0% | 66.8% |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $33M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $87M |
| Other Expenses | $8M |
| Operating Expenses | $100M |
| Cost & Expenses | $255M |
| OPERATING INCOME | -$67M |
| Interest Income | $4M |
| Interest Expense | $16M |
| Other Income/Expenses | $113M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $13M |
| EBIT | -$67M |
| EBITDA | -$55M |
| EPS | $1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$103M |
| Change in Working Capital | $541.0K |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$821.7K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$735.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $283M |
| Short-Term Investments | $0 |
| Net Receivables | $132M |
| Inventory | $84M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $518M |
| PP&E (Net) | $606M |
| Goodwill | $108M |
| Intangible Assets | $13M |
| Long-Term Investments | $29M |
| Tax Assets | $15M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $790M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $59M |
| Short-Term Debt | $292M |
| Deferred Revenue | -$2M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $511M |
| Long-Term Debt | $115M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $205M |
| TOTAL LIABILITIES | $717M |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$767M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$272M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $589M |
| Minority Interest | $2M |
| TOTAL EQUITY | $591M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $506M |
| Net Debt | $223M |
