| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $450M | $535M | $415M | -16.0% | 8.4% |
| Op. Income | -$27M | $27M | -$48M | -200.3% | 43.8% |
| Gross Margin | -1.4% | 9.3% | -7.7% | -10.6pp | 6.4pp |
| Net Margin | -13.8% | 4.2% | -12.3% | -18.0pp | -1.5pp |
| EPS (Diluted) | $-0.57 | $0.18 | $-0.47 | -425.0% | -21.9% |
| Free Cash Flow | -$105M | -$71M | -$157M | -47.7% | 32.8% |
| Item | Amount |
|---|---|
| REVENUE | $450M |
| Cost of Revenue | $456M |
| GROSS PROFIT | -$6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $477M |
| OPERATING INCOME | -$27M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | -$71M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$62M |
| D&A | $23M |
| EBIT | -$64M |
| EBITDA | -$41M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$62M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$53M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$71M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | -$105M |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $0 |
| Net Receivables | $221M |
| Inventory | $648M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $982M |
| PP&E (Net) | $950M |
| Goodwill | $0 |
| Intangible Assets | $584.6K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $956M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $41M |
| Short-Term Debt | $14M |
| Deferred Revenue | $167M |
| Other Current Liabilities | $60M |
| TOTAL CURRENT LIABILITIES | $341M |
| Long-Term Debt | $92M |
| Deferred Revenue NC | $344M |
| Deferred Tax Liabilities | $74M |
| Other Non-Current Liabilities | $102M |
| TOTAL NON-CURRENT LIABILITIES | $544M |
| TOTAL LIABILITIES | $885M |
| Common Stock | $704M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $196M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $166M |
| Other Equity | -$13M |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $106M |
| Net Debt | $37M |
