| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | $85M | $78M | 2.3% | 11.4% |
| Op. Income | -$17M | -$13M | -$9M | -31.0% | -83.0% |
| Gross Margin | 19.3% | 21.2% | 23.0% | -2.0pp | -3.8pp |
| Net Margin | -26.2% | -36.4% | -10.2% | 10.3pp | -16.0pp |
| EPS (Diluted) | $-2.09 | $-2.86 | $-0.74 | 26.9% | -182.4% |
| Free Cash Flow | -$30M | -$25M | -$48M | -18.3% | 38.1% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $17M |
| R&D Expenses | $5M |
| Selling & Marketing | $17M |
| General & Administrative | $9M |
| SG&A Expenses | $27M |
| Other Expenses | $2M |
| Operating Expenses | $34M |
| Cost & Expenses | $104M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$822.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $12M |
| EBIT | -$13M |
| EBITDA | -$960.0K |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$32.0K |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $70.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $8M |
| Other Current Assets | $100M |
| TOTAL CURRENT ASSETS | $266M |
| PP&E (Net) | $357M |
| Goodwill | $130M |
| Intangible Assets | $32M |
| Long-Term Investments | $2M |
| Tax Assets | $3.0K |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $548M |
| TOTAL ASSETS | $814M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $147M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $188M |
| Long-Term Debt | $444M |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $107M |
| TOTAL NON-CURRENT LIABILITIES | $595M |
| TOTAL LIABILITIES | $784M |
| Common Stock | $34M |
| Additional Paid-In Capital | $13M |
| Retained Earnings | -$17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $140.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | $0 |
| TOTAL EQUITY | $30M |
| TOTAL LIABILITIES & EQUITY | $814M |
| Total Debt | $466M |
| Net Debt | $355M |
