| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $420M | $352M | $284M | 19.3% | 48.0% |
| Op. Income | $99M | $26M | -$13M | 284.2% | 884.4% |
| Gross Margin | 36.1% | 22.8% | 18.7% | 13.3pp | 17.4pp |
| Net Margin | 25.7% | 2.8% | -5.0% | 22.9pp | 30.8pp |
| EPS (Diluted) | $0.25 | $0.02 | $-0.04 | 979.4% | 793.9% |
| Free Cash Flow | $104M | $34M | -$66M | 201.8% | 257.7% |
| Item | Amount |
|---|---|
| REVENUE | $420M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $152M |
| R&D Expenses | $6M |
| Selling & Marketing | $3M |
| General & Administrative | $48M |
| SG&A Expenses | $51M |
| Other Expenses | -$4M |
| Operating Expenses | $53M |
| Cost & Expenses | $321M |
| OPERATING INCOME | $99M |
| Interest Income | $25M |
| Interest Expense | $10M |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $47M |
| EBIT | $93M |
| EBITDA | $140M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $420M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $152M |
| R&D Expenses | $6M |
| Selling & Marketing | $3M |
| General & Administrative | $48M |
| SG&A Expenses | $51M |
| Other Expenses | -$4M |
| Operating Expenses | $53M |
| Cost & Expenses | $321M |
| OPERATING INCOME | $99M |
| Interest Income | $25M |
| Interest Expense | $10M |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $47M |
| EBIT | $93M |
| EBITDA | $140M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $108M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $693.5K |
| Deferred Income Tax | $30M |
| Other Non-Cash Items | -$62M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $135M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$526.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $218M |
| Inventory | $475M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $2.4B |
| Goodwill | $0 |
| Intangible Assets | $32M |
| Long-Term Investments | $142M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $191M |
| Short-Term Debt | $365M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $142M |
| TOTAL CURRENT LIABILITIES | $699M |
| Long-Term Debt | $453M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $749M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $2.1B |
| Additional Paid-In Capital | $158M |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $12.4K |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $824M |
| Net Debt | -$1.1B |
