| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $415M | $438M | $778M | -5.2% | -46.7% |
| Op. Income | -$48M | $14M | $326M | -433.5% | -114.7% |
| Gross Margin | -7.7% | 5.0% | 43.7% | -12.7pp | -51.4pp |
| Net Margin | -12.3% | 14.6% | 11.6% | -26.8pp | -23.8pp |
| EPS (Diluted) | $-0.47 | $0.44 | $0.67 | -206.7% | -169.6% |
| Free Cash Flow | -$157M | -$111M | $211M | -41.6% | -174.2% |
| Item | Amount |
|---|---|
| REVENUE | $415M |
| Cost of Revenue | $447M |
| GROSS PROFIT | -$32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $73.1K |
| Operating Expenses | $16M |
| Cost & Expenses | $463M |
| OPERATING INCOME | -$48M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $18M |
| EBIT | -$57M |
| EBITDA | -$39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | -$146.2K |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$80M |
| OPERATING CASH FLOW | -$94M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$63M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$730.8K |
| FREE CASH FLOW | -$157M |
| Net Change in Cash | -$161M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $179M |
| Short-Term Investments | $0 |
| Net Receivables | $169M |
| Inventory | $667M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $747M |
| Goodwill | $0 |
| Intangible Assets | $730.8K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $749M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $41M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $99M |
| TOTAL CURRENT LIABILITIES | $304M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $413M |
| TOTAL NON-CURRENT LIABILITIES | $485M |
| TOTAL LIABILITIES | $789M |
| Common Stock | $700M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $175M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $215M |
| Other Equity | -$16M |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $88M |
| Net Debt | -$91M |
