| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59M | $48M | $51M | 23.3% | 15.3% |
| Op. Income | -$3M | -$16M | -$14M | 84.1% | 81.6% |
| Gross Margin | 29.9% | 24.7% | 14.1% | 5.2pp | 15.8pp |
| Net Margin | -6.1% | -33.2% | -23.4% | 27.1pp | 17.3pp |
| EPS (Diluted) | $-0.21 | $-0.93 | $-0.73 | 77.4% | 71.2% |
| Free Cash Flow | -$17M | -$5M | — | -229.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $18M |
| R&D Expenses | $4M |
| Selling & Marketing | $11M |
| General & Administrative | $5M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $62M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $107.0K |
| Other Income/Expenses | -$588.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $501.0K |
| 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 | $1M |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $31.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$672.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$672.0K |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $76M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $131M |
| PP&E (Net) | $5M |
| Goodwill | $11M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $156M |
| Account Payables | $39M |
| Short-Term Debt | $13M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $84M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $216M |
| Retained Earnings | -$143M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $72M |
| Minority Interest | $0 |
| TOTAL EQUITY | $72M |
| TOTAL LIABILITIES & EQUITY | $156M |
| Total Debt | $13M |
| Net Debt | $921.0K |
