| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $40M | $45M | 11.6% | -0.9% |
| Op. Income | -$23M | -$40M | -$44M | 41.7% | 47.8% |
| Gross Margin | 33.0% | 32.2% | 39.6% | 0.8pp | -6.6pp |
| Net Margin | -54.7% | -103.8% | -70.8% | 49.1pp | 16.1pp |
| EPS (Diluted) | $-0.13 | $-0.26 | $-0.19 | 50.0% | 31.3% |
| Free Cash Flow | -$10M | -$31M | -$51M | 66.7% | 79.9% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $15M |
| R&D Expenses | $8M |
| Selling & Marketing | $3M |
| General & Administrative | $22M |
| SG&A Expenses | $25M |
| Other Expenses | $5M |
| Operating Expenses | $38M |
| Cost & Expenses | $67M |
| OPERATING INCOME | -$23M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | -$694.5K |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $538.0K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $3M |
| EBIT | -$23M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | $60.3K |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $23M |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $6M |
| Net Receivables | $46M |
| Inventory | $102M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $272M |
| PP&E (Net) | $118M |
| Goodwill | $14M |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $240M |
| TOTAL ASSETS | $511M |
| Account Payables | $39M |
| Short-Term Debt | $134M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $202M |
| Long-Term Debt | $85M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $151M |
| TOTAL LIABILITIES | $353M |
| Common Stock | $53M |
| Additional Paid-In Capital | $509M |
| Retained Earnings | -$444M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $40M |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | $158M |
| Minority Interest | $23.3K |
| TOTAL EQUITY | $158M |
| TOTAL LIABILITIES & EQUITY | $511M |
| Total Debt | $260M |
| Net Debt | $153M |
