| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $36M | $32M | 7.2% | 20.8% |
| Op. Income | $6M | $5M | $5M | 14.0% | 17.1% |
| Gross Margin | 31.9% | 33.0% | 36.9% | -1.0pp | -4.9pp |
| Net Margin | 10.2% | 9.9% | 10.5% | 0.2pp | -0.3pp |
| EPS (Diluted) | $0.20 | $0.30 | $0.28 | -33.3% | -28.6% |
| Free Cash Flow | -$87M | -$31M | $15M | -181.0% | -671.8% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $2M |
| Operating Expenses | $7M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $6M |
| Interest Income | $40M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| 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 | $536.0K |
| EBIT | $6M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $2M |
| Operating Expenses | $7M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $6M |
| Interest Income | $40M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| 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 | $536.0K |
| EBIT | $6M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $536.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$900.0K |
| Other Non-Cash Items | -$88M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$86M |
| Capital Expenditure | -$602.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$91M |
| NET CASH FROM INVESTING | -$91M |
| Net Debt Issuance | $213M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $174M |
| FREE CASH FLOW | -$87M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $67M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $42M |
| Short-Term Debt | $349M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$391M |
| TOTAL CURRENT LIABILITIES | $391M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.5B |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $151M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $151M |
| Minority Interest | $0 |
| TOTAL EQUITY | $151M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $1.9B |
| Net Debt | $1.9B |
