| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $291M | $283M | $272M | 2.8% | 6.9% |
| Op. Income | $6M | $25M | $16M | -74.3% | -59.3% |
| Gross Margin | 21.4% | 26.7% | 26.3% | -5.3pp | -4.9pp |
| Net Margin | 3.4% | 10.3% | -2.2% | -6.8pp | 5.7pp |
| EPS (Diluted) | $0.16 | $0.46 | $-0.10 | -65.2% | 265.6% |
| Free Cash Flow | -$12M | -$64M | -$73M | 81.9% | 84.1% |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $19M |
| Operating Expenses | $56M |
| Cost & Expenses | $284M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | -$115.0K |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $19M |
| EBIT | $19M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $19M |
| Operating Expenses | $56M |
| Cost & Expenses | $284M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | -$115.0K |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $19M |
| EBIT | $19M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$95M |
| OPERATING CASH FLOW | -$69M |
| Capital Expenditure | $57M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $380.0K |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $38M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $116M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $0 |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $224M |
| PP&E (Net) | $801M |
| Goodwill | $176M |
| Intangible Assets | $124M |
| Long-Term Investments | $114M |
| Tax Assets | $0 |
| Other Non-Current Assets | $119M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $93M |
| Short-Term Debt | $138M |
| Deferred Revenue | $82M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $322M |
| Long-Term Debt | $502M |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $693M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $621.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$567M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $530M |
| Minority Interest | $12M |
| TOTAL EQUITY | $542M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $744M |
| Net Debt | $628M |
