| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $294M | $300M | $206M | -1.8% | 42.8% |
| Op. Income | $19M | $12M | $1M | 56.1% | 1685.1% |
| Gross Margin | 15.5% | 11.9% | 10.5% | 3.7pp | 5.1pp |
| Net Margin | 3.2% | 2.4% | -3.1% | 0.8pp | 6.3pp |
| EPS (Diluted) | $0.29 | $0.17 | $-0.15 | 70.6% | 293.3% |
| Free Cash Flow | $37M | $22M | -$44M | 65.6% | 183.0% |
| Item | Amount |
|---|---|
| REVENUE | $294M |
| Cost of Revenue | $249M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $275M |
| OPERATING INCOME | $19M |
| Interest Income | $246.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $5M |
| EBIT | $13M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $294M |
| Cost of Revenue | $249M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $275M |
| OPERATING INCOME | $19M |
| Interest Income | $246.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $5M |
| EBIT | $13M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $941.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $129M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $201M |
| PP&E (Net) | $97M |
| Goodwill | $19M |
| Intangible Assets | $46M |
| Long-Term Investments | $15M |
| Tax Assets | $10M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $189M |
| TOTAL ASSETS | $390M |
| Account Payables | $136M |
| Short-Term Debt | $20M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $218M |
| Long-Term Debt | $115M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $215.0K |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $162M |
| TOTAL LIABILITIES | $380M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $176M |
| Retained Earnings | -$74M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $390M |
| Total Debt | $137M |
| Net Debt | $86M |
