| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $478M | $472M | $443M | 1.3% | 7.9% |
| Op. Income | -$76M | $37M | $5M | -303.6% | -1695.0% |
| Gross Margin | 30.8% | 32.9% | 30.4% | -2.1pp | 0.4pp |
| Net Margin | -21.4% | 5.4% | 5.5% | -26.8pp | -26.9pp |
| EPS (Diluted) | $-0.54 | $0.13 | $0.13 | -515.4% | -515.4% |
| Free Cash Flow | $28M | -$12M | $18M | 333.3% | 50.0% |
| Item | Amount |
|---|---|
| REVENUE | $478M |
| Cost of Revenue | $331M |
| GROSS PROFIT | $147M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $118M |
| SG&A Expenses | $118M |
| Other Expenses | $106M |
| Operating Expenses | $224M |
| Cost & Expenses | $554M |
| OPERATING INCOME | -$76M |
| Interest Income | $50.0K |
| Interest Expense | $40M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | -$102M |
| Income Tax Expense | $631.0K |
| Net Income from Continuing Ops | -$102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$102M |
| D&A | $7M |
| EBIT | -$62M |
| EBITDA | -$55M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$102M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$17.0K |
| Other Non-Cash Items | $99M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $246M |
| Inventory | $12M |
| Other Current Assets | -$1M |
| TOTAL CURRENT ASSETS | $318M |
| PP&E (Net) | $74M |
| Goodwill | $1.1B |
| Intangible Assets | $95M |
| Long-Term Investments | $19M |
| Tax Assets | $4M |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $37M |
| Short-Term Debt | $9M |
| Deferred Revenue | $105M |
| Other Current Liabilities | $124M |
| TOTAL CURRENT LIABILITIES | $364M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$104M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$104M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.3B |
| Net Debt | $1.3B |
