| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $25M | $26M | 2.1% | -3.4% |
| Op. Income | -$5M | -$5M | -$2M | -1.6% | -179.7% |
| Gross Margin | 0.5% | 4.8% | 13.0% | -4.3pp | -12.5pp |
| Net Margin | -10.6% | -19.0% | -5.8% | 8.4pp | -4.9pp |
| EPS (Diluted) | $-0.22 | $-0.39 | $-0.14 | 43.6% | -57.1% |
| Free Cash Flow | $718.0K | $5M | $1M | -84.3% | -48.1% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $129.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $5M |
| Operating Expenses | $5M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $855.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$457.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $2M |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $199.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $199.0K |
| Stock-Based Compensation | $44.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $718.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $53M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $718.0K |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $142M |
| Net Receivables | $79M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $279M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $145M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$130M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $293M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $225M |
| TOTAL NON-CURRENT LIABILITIES | $250M |
| TOTAL LIABILITIES | $282M |
| Common Stock | $98M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$67M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12M |
| Minority Interest | $0 |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $293M |
| Total Debt | $25M |
| Net Debt | $11M |
