| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $42M | $39M | -11.5% | -4.1% |
| Op. Income | $348.0K | $1M | -$3M | -75.6% | 110.0% |
| Gross Margin | 24.7% | 27.6% | 19.1% | -2.9pp | 5.6pp |
| Net Margin | -7.7% | -1.3% | -13.6% | -6.4pp | 5.9pp |
| EPS (Diluted) | $-0.10 | $-0.02 | $-0.36 | -417.3% | 73.7% |
| Free Cash Flow | $3M | $2M | -$6M | 54.7% | 151.2% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $2M |
| Operating Expenses | $9M |
| Cost & Expenses | $37M |
| OPERATING INCOME | $348.0K |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$521.0K |
| INCOME BEFORE TAX | -$173.0K |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $1M |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$327.0K |
| Other Non-Cash Items | -$372.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$261.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$114.9K |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$261.0K |
| Net Debt Issuance | $415.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $340.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $4M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $22M |
| Goodwill | $22M |
| Intangible Assets | $1M |
| Long-Term Investments | $8M |
| Tax Assets | $7M |
| Other Non-Current Assets | -$7M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $115M |
| Account Payables | $14M |
| Short-Term Debt | $3M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $99M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $148M |
| Common Stock | $8M |
| Additional Paid-In Capital | $328.7K |
| Retained Earnings | -$33M |
| Treasury Stock | -$328.7K |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$31M |
| TOTAL STOCKHOLDERS' EQUITY | -$33M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$33M |
| TOTAL LIABILITIES & EQUITY | $115M |
| Total Debt | $37M |
| Net Debt | $35M |
