| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $331M | $303M | — | 9.2% | — |
| Op. Income | -$18M | -$18M | — | 1.3% | — |
| Gross Margin | 16.3% | 16.2% | — | 0.1pp | — |
| Net Margin | -4.3% | -6.2% | — | 2.0pp | — |
| EPS (Diluted) | $-0.09 | $-0.12 | — | 27.2% | — |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $277M |
| GROSS PROFIT | $54M |
| R&D Expenses | $6M |
| Selling & Marketing | $27M |
| General & Administrative | $22M |
| SG&A Expenses | $49M |
| Other Expenses | -$4M |
| Operating Expenses | $63M |
| Cost & Expenses | $340M |
| OPERATING INCOME | -$18M |
| Interest Income | $2M |
| Interest Expense | $757.9K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $10.8K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $15M |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $4M |
| EBIT | -$14M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | -$144.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $130M |
| Short-Term Investments | $91M |
| Net Receivables | $557M |
| Inventory | $102M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $934M |
| PP&E (Net) | $54M |
| Goodwill | $5M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $63M |
| TOTAL ASSETS | $997M |
| Account Payables | $408M |
| Short-Term Debt | $63M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $559M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $146 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$720M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $435.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$720M |
| Minority Interest | $568.2K |
| TOTAL EQUITY | -$719M |
| TOTAL LIABILITIES & EQUITY | $997M |
| Total Debt | $99M |
| Net Debt | -$31M |
