| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | — | $2.5B | — | 8.4% |
| Op. Income | -$10M | — | -$434.0K | — | -2139.4% |
| Gross Margin | 28.5% | — | 28.4% | — | 0.0pp |
| Net Margin | -1.3% | — | 0.1% | — | -1.4pp |
| EPS (Diluted) | $-0.08 | — | $0.01 | — | -1620.4% |
| Free Cash Flow | $48M | — | $70M | — | -31.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $782M |
| R&D Expenses | $8M |
| Selling & Marketing | $179M |
| General & Administrative | $612M |
| SG&A Expenses | $792M |
| Other Expenses | -$8M |
| Operating Expenses | $792M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | -$10M |
| Interest Income | $11M |
| Interest Expense | $877.0K |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $26M |
| EBIT | -$33M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $43M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $32M |
| Purchases of Investments | -$433M |
| Sales/Maturities of Investments | $400M |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$65M |
| Net Debt Issuance | -$125.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $469M |
| Short-Term Investments | $488M |
| Net Receivables | $161M |
| Inventory | $712M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $988M |
| Goodwill | $39M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $579M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $4M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $393M |
| Minority Interest | $0 |
| TOTAL EQUITY | $393M |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $527M |
| Net Debt | $58M |
