| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $256M | $261M | $214M | -1.8% | 19.9% |
| Op. Income | $83M | $89M | $30M | -6.8% | 176.3% |
| Gross Margin | 38.3% | 39.5% | 21.3% | -1.2pp | 17.0pp |
| Net Margin | 15.4% | 28.8% | -0.7% | -13.4pp | 16.0pp |
| EPS (Diluted) | $0.10 | $0.19 | $-0.00 | -48.7% | 2808.3% |
| Free Cash Flow | $37M | $62M | $1M | -39.4% | 2564.3% |
| Item | Amount |
|---|---|
| REVENUE | $256M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $8M |
| Operating Expenses | $16M |
| Cost & Expenses | $174M |
| OPERATING INCOME | $83M |
| Interest Income | $0 |
| Interest Expense | $600.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $47M |
| EBIT | $79M |
| EBITDA | $126M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $256M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $8M |
| Operating Expenses | $16M |
| Cost & Expenses | $174M |
| OPERATING INCOME | $83M |
| Interest Income | $0 |
| Interest Expense | $600.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $47M |
| EBIT | $79M |
| EBITDA | $126M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $113M |
| Capital Expenditure | -$75M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$76M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $600.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $216M |
| Short-Term Investments | $14M |
| Net Receivables | $46M |
| Inventory | $270M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $559M |
| PP&E (Net) | $3.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $141M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $228M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $689M |
| Other Non-Current Liabilities | $117M |
| TOTAL NON-CURRENT LIABILITIES | $806M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $3.7B |
| Additional Paid-In Capital | $88M |
| Retained Earnings | -$914M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $400.0K |
| Net Debt | -$216M |
