| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $110M | $110M | 7.6% | 7.3% |
| Op. Income | $13M | $33M | $17M | -60.5% | -24.0% |
| Gross Margin | 57.8% | 55.6% | 61.2% | 2.2pp | -3.4pp |
| Net Margin | 6.9% | 24.5% | 20.5% | -17.6pp | -13.5pp |
| EPS (Diluted) | $0.08 | $0.27 | $0.22 | -70.4% | -63.6% |
| Free Cash Flow | $40M | $13M | -$2M | 215.8% | 2478.1% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $68M |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $26M |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $105M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $5M |
| EBIT | $22M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $68M |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $26M |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $105M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $5M |
| EBIT | $22M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $211.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$19M |
| Common Stock Repurchased | -$794.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$30M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $171M |
| Inventory | $98M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $298M |
| PP&E (Net) | $137M |
| Goodwill | $6M |
| Intangible Assets | $41M |
| Long-Term Investments | $6M |
| Tax Assets | $7M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $200M |
| TOTAL ASSETS | $499M |
| Account Payables | $90M |
| Short-Term Debt | $69M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $203M |
| Long-Term Debt | $221M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $257M |
| TOTAL LIABILITIES | $460M |
| Common Stock | $1M |
| Additional Paid-In Capital | $378M |
| Retained Earnings | -$354M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | -$950.0K |
| TOTAL STOCKHOLDERS' EQUITY | $39M |
| Minority Interest | -$932.0K |
| TOTAL EQUITY | $38M |
| TOTAL LIABILITIES & EQUITY | $499M |
| Total Debt | $290M |
| Net Debt | $272M |
