| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | $65M | $51M | -1.7% | 25.9% |
| Op. Income | -$703.9K | $4M | -$27M | -116.1% | 97.4% |
| Gross Margin | 10.9% | 18.0% | -37.5% | -7.1pp | 48.4pp |
| Net Margin | -6.7% | 6.8% | -35.1% | -13.5pp | 28.4pp |
| EPS (Diluted) | $-0.05 | $0.05 | $-0.21 | -199.0% | 77.0% |
| Free Cash Flow | -$4M | $2M | $835.4K | -308.3% | -546.6% |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $1M |
| Operating Expenses | $8M |
| Cost & Expenses | $64M |
| OPERATING INCOME | -$703.9K |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $135.3K |
| INCOME BEFORE TAX | -$568.7K |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $5M |
| EBIT | $3M |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$478.4K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5.6K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$364.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$277.5K |
| NET CASH FROM FINANCING | -$611.9K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $171.2K |
| Net Receivables | $106M |
| Inventory | $26M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $147M |
| PP&E (Net) | $152M |
| Goodwill | $14M |
| Intangible Assets | $0 |
| Long-Term Investments | $43M |
| Tax Assets | $2M |
| Other Non-Current Assets | $52.7K |
| TOTAL NON-CURRENT ASSETS | $212M |
| TOTAL ASSETS | $358M |
| Account Payables | $67M |
| Short-Term Debt | $40M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $174M |
| Long-Term Debt | $67M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $114M |
| TOTAL NON-CURRENT LIABILITIES | $196M |
| TOTAL LIABILITIES | $370M |
| Common Stock | $137M |
| Additional Paid-In Capital | -$2M |
| Retained Earnings | -$156M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$12M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$12M |
| TOTAL LIABILITIES & EQUITY | $358M |
| Total Debt | $107M |
| Net Debt | $104M |
