| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $153M | $164M | $101M | -6.4% | 51.8% |
| Op. Income | $663.0K | $6M | $2M | -88.9% | -66.1% |
| Gross Margin | 42.3% | 46.9% | 47.3% | -4.6pp | -4.9pp |
| Net Margin | -0.3% | 2.1% | 0.8% | -2.5pp | -1.2pp |
| EPS (Diluted) | $-0.01 | $0.04 | $0.03 | -136.9% | -158.9% |
| Free Cash Flow | -$11M | -$39M | -$19M | 72.7% | 44.0% |
| Item | Amount |
|---|---|
| REVENUE | $153M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $65M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $45M |
| SG&A Expenses | $64M |
| Other Expenses | $89.0K |
| Operating Expenses | $64M |
| Cost & Expenses | $153M |
| OPERATING INCOME | $663.0K |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$573.0K |
| Income Tax Expense | -$64.0K |
| Net Income from Continuing Ops | -$509.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$509.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $12M |
| EBIT | $663.0K |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$509.0K |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $533.0K |
| Deferred Income Tax | $115.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$418.0K |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $592.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$464.0K |
| Common Stock Repurchased | -$13.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13.0K |
| NET CASH FROM FINANCING | -$477.0K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $0 |
| Net Receivables | $31M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $164M |
| PP&E (Net) | $448M |
| Goodwill | $28M |
| Intangible Assets | $19M |
| Long-Term Investments | $30M |
| Tax Assets | $5M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $542M |
| TOTAL ASSETS | $707M |
| Account Payables | $14M |
| Short-Term Debt | $2M |
| Deferred Revenue | $57M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $151M |
| Long-Term Debt | $160M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $336M |
| TOTAL LIABILITIES | $487M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $151M |
| Retained Earnings | $521.0K |
| Treasury Stock | -$365.0K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $220M |
| Minority Interest | $0 |
| TOTAL EQUITY | $220M |
| TOTAL LIABILITIES & EQUITY | $707M |
| Total Debt | $355M |
| Net Debt | $244M |
