| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | $426M | $228M | -50.4% | -7.3% |
| Op. Income | $1M | $16M | -$7M | -91.2% | 119.1% |
| Gross Margin | 12.6% | 11.2% | 12.0% | 1.4pp | 0.6pp |
| Net Margin | -1.6% | 2.1% | -3.4% | -3.7pp | 1.8pp |
| EPS (Diluted) | $-0.07 | $0.18 | $-0.16 | -136.8% | 58.6% |
| Free Cash Flow | $20M | $29M | $49M | -30.5% | -59.3% |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $27M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $14M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $210M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$475.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $1M |
| EBIT | -$800.0K |
| EBITDA | $602.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$55.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $43.0K |
| NET CASH FROM INVESTING | -$12.0K |
| Net Debt Issuance | -$21M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $108M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $203M |
| PP&E (Net) | $16M |
| Goodwill | $89M |
| Intangible Assets | $14M |
| Long-Term Investments | $14M |
| Tax Assets | $2M |
| Other Non-Current Assets | -$14M |
| TOTAL NON-CURRENT ASSETS | $121M |
| TOTAL ASSETS | $324M |
| Account Payables | $133M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $87M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $165.0K |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $239M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $48M |
| Retained Earnings | $37M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$77.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $85M |
| Minority Interest | $0 |
| TOTAL EQUITY | $85M |
| TOTAL LIABILITIES & EQUITY | $324M |
| Total Debt | $98M |
| Net Debt | $97M |
