| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $113M | — | $95M | — | 19.0% |
| Op. Income | $4M | — | -$7M | — | 156.0% |
| Gross Margin | 37.5% | — | 36.9% | — | 0.6pp |
| Net Margin | 0.1% | — | -11.6% | — | 11.7pp |
| EPS (Diluted) | $0.02 | — | $-3.80 | — | 100.6% |
| Free Cash Flow | -$5M | — | -$13M | — | 65.3% |
| Item | Amount |
|---|---|
| REVENUE | $113M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $43M |
| R&D Expenses | $11M |
| Selling & Marketing | $16M |
| General & Administrative | $11M |
| SG&A Expenses | $27M |
| Other Expenses | -$41.0K |
| Operating Expenses | $39M |
| Cost & Expenses | $109M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $806.0K |
| Income Tax Expense | $693.0K |
| Net Income from Continuing Ops | $113.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113.0K |
| D&A | $2M |
| EBIT | $4M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $113M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $43M |
| R&D Expenses | $11M |
| Selling & Marketing | $16M |
| General & Administrative | $11M |
| SG&A Expenses | $27M |
| Other Expenses | -$41.0K |
| Operating Expenses | $39M |
| Cost & Expenses | $109M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $806.0K |
| Income Tax Expense | $693.0K |
| Net Income from Continuing Ops | $113.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113.0K |
| D&A | $2M |
| EBIT | $4M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $113.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $326.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $73M |
| Inventory | $58M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $172M |
| PP&E (Net) | $27M |
| Goodwill | $13M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $95M |
| Other Non-Current Assets | -$81M |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $232M |
| Account Payables | $42M |
| Short-Term Debt | $6M |
| Deferred Revenue | $73M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $151M |
| Long-Term Debt | $95M |
| Deferred Revenue NC | $41M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $159M |
| TOTAL LIABILITIES | $309M |
| Common Stock | $932.0K |
| Additional Paid-In Capital | $720M |
| Retained Earnings | -$795M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$77M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$77M |
| TOTAL LIABILITIES & EQUITY | $232M |
| Total Debt | $112M |
| Net Debt | $85M |
