| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $166M | $166M | $123M | 0.0% | 35.1% |
| Op. Income | $25M | $28M | $17M | -13.0% | 41.0% |
| Gross Margin | 2.0% | 4.2% | 2.1% | -2.1pp | -0.0pp |
| Net Margin | 4.2% | 7.1% | 23.5% | -3.0pp | -19.3pp |
| EPS (Diluted) | $0.05 | $0.10 | $0.29 | -54.7% | -84.4% |
| Free Cash Flow | $27M | $25M | $28M | 9.0% | -4.9% |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $163M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$21M |
| Operating Expenses | -$21M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $25M |
| Interest Income | $4M |
| Interest Expense | $15M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $310.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $23M |
| EBIT | $24M |
| EBITDA | $47M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $163M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$21M |
| Operating Expenses | -$21M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $25M |
| Interest Income | $4M |
| Interest Expense | $15M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $310.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $23M |
| EBIT | $24M |
| EBITDA | $47M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$39.0K |
| Purchases of Investments | -$54M |
| Sales/Maturities of Investments | $246.0K |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | $56M |
| Common Stock Repurchased | -$177.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$298.0K |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $128M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $163M |
| PP&E (Net) | $116M |
| Goodwill | $0 |
| Intangible Assets | $127M |
| Long-Term Investments | $2.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $152M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $0 |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $95M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $679.0K |
| Additional Paid-In Capital | $589M |
| Retained Earnings | -$152M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $11M |
| TOTAL STOCKHOLDERS' EQUITY | $621M |
| Minority Interest | $246M |
| TOTAL EQUITY | $867M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
