| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $180M | $242M | $189M | -25.7% | -4.6% |
| Op. Income | $30M | $53M | $29M | -44.3% | 1.7% |
| Gross Margin | 52.6% | 53.5% | 49.3% | -0.9pp | 3.3pp |
| Net Margin | 10.1% | 15.6% | 10.2% | -5.5pp | -0.1pp |
| EPS (Diluted) | $0.60 | $1.24 | $0.62 | -51.6% | -3.2% |
| Free Cash Flow | $61M | $7M | $69M | 775.7% | -10.8% |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $95M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $65M |
| Other Expenses | -$400.0K |
| Operating Expenses | $65M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $30M |
| Interest Income | $600.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $17M |
| EBIT | $30M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $95M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $65M |
| Other Expenses | -$400.0K |
| Operating Expenses | $65M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $30M |
| Interest Income | $600.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $17M |
| EBIT | $30M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $81M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$55M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$69M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $190M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $230M |
| PP&E (Net) | $39M |
| Goodwill | $406M |
| Intangible Assets | $92M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $73M |
| TOTAL NON-CURRENT ASSETS | $609M |
| TOTAL ASSETS | $839M |
| Account Payables | $37M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $166M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $68M |
| TOTAL NON-CURRENT LIABILITIES | $257M |
| TOTAL LIABILITIES | $454M |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $299M |
| Retained Earnings | $426M |
| Treasury Stock | -$257M |
| Accum. Other Comp. Income | -$83M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $385M |
| Minority Interest | $0 |
| TOTAL EQUITY | $385M |
| TOTAL LIABILITIES & EQUITY | $839M |
| Total Debt | $206M |
| Net Debt | $194M |
