| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | $127M | $143M | 13.2% | 0.5% |
| Op. Income | $347.0K | -$916.0K | $3M | 137.9% | -87.9% |
| Gross Margin | 5.1% | 3.8% | 8.1% | 1.2pp | -3.0pp |
| Net Margin | 0.7% | -0.6% | 0.6% | 1.2pp | 0.1pp |
| EPS (Diluted) | $0.02 | $-0.01 | $0.01 | 236.8% | 30.0% |
| Free Cash Flow | -$5M | -$2M | $6M | -212.4% | -197.9% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $7M |
| R&D Expenses | $418.8K |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | -$979.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $347.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $961.9K |
| Income Tax Expense | $107.2K |
| Net Income from Continuing Ops | $854.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $948.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $948.4K |
| D&A | $927.2K |
| EBIT | -$632.0K |
| EBITDA | $295.2K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $7M |
| R&D Expenses | $418.8K |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | -$979.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $347.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $961.9K |
| Income Tax Expense | $107.2K |
| Net Income from Continuing Ops | $854.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $948.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $948.4K |
| D&A | $927.2K |
| EBIT | -$632.0K |
| EBITDA | $295.2K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $948.4K |
| Depreciation & Amortization | $927.2K |
| Stock-Based Compensation | -$317.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | $81.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $860.8K |
| NET CASH FROM INVESTING | $942.7K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$442.7K |
| NET CASH FROM FINANCING | -$442.7K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $10M |
| Net Receivables | $70M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $3M |
| Goodwill | $10M |
| Intangible Assets | $12M |
| Long-Term Investments | $206.8K |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $151M |
| Account Payables | $37M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $77M |
| Common Stock | $6.3K |
| Additional Paid-In Capital | $275M |
| Retained Earnings | -$201M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$360.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74M |
| Minority Interest | -$133.1K |
| TOTAL EQUITY | $74M |
| TOTAL LIABILITIES & EQUITY | $151M |
| Total Debt | $15M |
| Net Debt | $9M |
