| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $476M | $433M | $371M | 9.9% | 28.4% |
| Op. Income | -$4M | -$9M | -$16M | 54.0% | 74.5% |
| Gross Margin | 19.8% | 21.5% | 23.8% | -1.7pp | -4.0pp |
| Net Margin | -1.4% | -2.2% | -1.2% | 0.8pp | -0.2pp |
| EPS (Diluted) | $-0.03 | $-0.04 | $-0.02 | 33.3% | -38.5% |
| Free Cash Flow | $0 | $3M | $4M | -100.0% | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $382M |
| GROSS PROFIT | $94M |
| R&D Expenses | $6M |
| Selling & Marketing | $44M |
| General & Administrative | $10M |
| SG&A Expenses | $54M |
| Other Expenses | $39M |
| Operating Expenses | $98M |
| Cost & Expenses | $480M |
| OPERATING INCOME | -$4M |
| Interest Income | $2M |
| Interest Expense | $319.4K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $15M |
| EBIT | -$3M |
| EBITDA | $11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $209M |
| Short-Term Investments | $51M |
| Net Receivables | $0 |
| Inventory | $98M |
| Other Current Assets | $200M |
| TOTAL CURRENT ASSETS | $558M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $49M |
| Long-Term Investments | $69M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $148M |
| TOTAL ASSETS | $707M |
| Account Payables | $17M |
| Short-Term Debt | $29M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $146M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $160M |
| Common Stock | $547M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $547M |
| Minority Interest | $0 |
| TOTAL EQUITY | $547M |
| TOTAL LIABILITIES & EQUITY | $707M |
| Total Debt | $32M |
| Net Debt | -$177M |
