| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $203M | $211M | $207M | -3.5% | -1.9% |
| Op. Income | $856.0K | -$7M | -$3M | 112.9% | 126.0% |
| Gross Margin | 50.9% | 48.2% | 50.4% | 2.8pp | 0.6pp |
| Net Margin | -6.6% | -10.2% | -8.9% | 3.6pp | 2.2pp |
| EPS (Diluted) | $-0.08 | $-0.13 | $-0.12 | 39.3% | 34.3% |
| Free Cash Flow | -$14M | -$4M | -$25M | -234.1% | 42.5% |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $104M |
| R&D Expenses | $46M |
| Selling & Marketing | $33M |
| General & Administrative | $13M |
| SG&A Expenses | $46M |
| Other Expenses | $11M |
| Operating Expenses | $103M |
| Cost & Expenses | $202M |
| OPERATING INCOME | $856.0K |
| Interest Income | $157.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $18M |
| EBIT | -$2M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | -$12M |
| 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 | -$443.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $242M |
| Inventory | $70M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $390M |
| PP&E (Net) | $81M |
| Goodwill | $301M |
| Intangible Assets | $251M |
| Long-Term Investments | $0 |
| Tax Assets | $63M |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $731M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $74M |
| Short-Term Debt | $40M |
| Deferred Revenue | $108M |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $325M |
| Long-Term Debt | $207M |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $85M |
| TOTAL NON-CURRENT LIABILITIES | $352M |
| TOTAL LIABILITIES | $678M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $444M |
| Minority Interest | $0 |
| TOTAL EQUITY | $444M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $300M |
| Net Debt | $276M |
