| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $234M | $219M | $182M | 6.5% | 28.7% |
| Op. Income | -$12M | -$13M | -$7M | 6.8% | -65.4% |
| Gross Margin | 12.9% | 13.0% | 15.5% | -0.2pp | -2.6pp |
| Net Margin | -5.5% | -6.2% | -3.8% | 0.7pp | -1.8pp |
| EPS (Diluted) | $-0.32 | $-0.33 | $-0.17 | 3.0% | -88.2% |
| Free Cash Flow | -$6M | -$7M | $3M | 8.9% | -286.0% |
| Item | Amount |
|---|---|
| REVENUE | $234M |
| Cost of Revenue | $204M |
| GROSS PROFIT | $30M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $25M |
| Operating Expenses | $42M |
| Cost & Expenses | $246M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$519.0K |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $496.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $3M |
| EBIT | -$11M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $102.0K |
| Change in Working Capital | -$730.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$78M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | $71.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$269.0K |
| Common Stock Repurchased | -$4.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$850.0K |
| NET CASH FROM FINANCING | -$710.0K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $86M |
| Short-Term Investments | $97M |
| Net Receivables | $224M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $422M |
| PP&E (Net) | $87M |
| Goodwill | $30M |
| Intangible Assets | $19M |
| Long-Term Investments | $55M |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $226M |
| TOTAL ASSETS | $648M |
| Account Payables | $8M |
| Short-Term Debt | $600.0K |
| Deferred Revenue | $203M |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $281M |
| Long-Term Debt | $54M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $61M |
| TOTAL LIABILITIES | $342M |
| Common Stock | $0 |
| Additional Paid-In Capital | $491M |
| Retained Earnings | -$162M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $306M |
| Minority Interest | $0 |
| TOTAL EQUITY | $306M |
| TOTAL LIABILITIES & EQUITY | $648M |
| Total Debt | $54M |
| Net Debt | -$31M |
