| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $216M | $194M | $238M | 11.3% | -8.9% |
| Op. Income | -$157.0K | -$10M | $10M | 98.5% | -101.5% |
| Gross Margin | 33.8% | 31.7% | 34.5% | 2.1pp | -0.7pp |
| Net Margin | -1.0% | -4.4% | 2.9% | 3.3pp | -3.9pp |
| EPS (Diluted) | $-0.12 | $-0.44 | $0.36 | 72.7% | -133.3% |
| Free Cash Flow | -$3M | -$18M | -$20M | 83.2% | 84.9% |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $143M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $216M |
| OPERATING INCOME | -$157.0K |
| Interest Income | $948.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$89.0K |
| INCOME BEFORE TAX | -$246.0K |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $5M |
| EBIT | -$157.0K |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | -$27M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $430.0K |
| NET CASH FROM FINANCING | $430.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $87M |
| Net Receivables | $23M |
| Inventory | $176M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $346M |
| PP&E (Net) | $306M |
| Goodwill | $55M |
| Intangible Assets | $14M |
| Long-Term Investments | $5M |
| Tax Assets | $11M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $397M |
| TOTAL ASSETS | $743M |
| Account Payables | $74M |
| Short-Term Debt | $69M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $182M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $182M |
| TOTAL LIABILITIES | $364M |
| Common Stock | $194M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $210M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $379M |
| Minority Interest | $0 |
| TOTAL EQUITY | $379M |
| TOTAL LIABILITIES & EQUITY | $743M |
| Total Debt | $245M |
| Net Debt | $196M |
