| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | $75M | $107M | -13.9% | -39.4% |
| Op. Income | -$10M | -$8M | $3M | -21.4% | -395.2% |
| Gross Margin | 1.4% | 3.4% | 12.0% | -2.0pp | -10.6pp |
| Net Margin | -1.7% | -5.9% | 7.2% | 4.3pp | -8.9pp |
| EPS (Diluted) | $-0.02 | $-0.09 | $0.16 | 75.8% | -114.2% |
| Free Cash Flow | -$12M | $25M | -$11M | -149.8% | -17.3% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $909.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $74M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $11M |
| EBIT | $5M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $219.0K |
| Deferred Income Tax | -$24.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $456M |
| Inventory | $12M |
| Other Current Assets | $616.0K |
| TOTAL CURRENT ASSETS | $482M |
| PP&E (Net) | $130M |
| Goodwill | $9M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $204M |
| TOTAL ASSETS | $686M |
| Account Payables | $39M |
| Short-Term Debt | $3M |
| Deferred Revenue | $750.0K |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $401.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $88M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $479.0K |
| Additional Paid-In Capital | $539M |
| Retained Earnings | -$70M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $466M |
| Minority Interest | $0 |
| TOTAL EQUITY | $466M |
| TOTAL LIABILITIES & EQUITY | $686M |
| Total Debt | $98M |
| Net Debt | $88M |
