| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $374M | $371M | $357M | 0.6% | 4.8% |
| Op. Income | $50M | $59M | $47M | -16.1% | 4.7% |
| Gross Margin | 17.0% | 17.6% | 15.3% | -0.6pp | 1.8pp |
| Net Margin | -26.4% | -26.3% | -18.5% | -0.1pp | -8.0pp |
| EPS (Diluted) | $-0.41 | $-0.41 | $-0.28 | 0.0% | -46.4% |
| Free Cash Flow | $21M | $44M | -$14M | -52.3% | 250.6% |
| Item | Amount |
|---|---|
| REVENUE | $374M |
| Cost of Revenue | $310M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $324M |
| OPERATING INCOME | $50M |
| Interest Income | $3M |
| Interest Expense | $59M |
| Other Income/Expenses | -$148M |
| INCOME BEFORE TAX | -$99M |
| Income Tax Expense | $148.0K |
| Net Income from Continuing Ops | -$99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$99M |
| D&A | $69M |
| EBIT | -$19M |
| EBITDA | $50M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$99M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $48M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$25M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$802.0K |
| Common Stock Repurchased | -$781.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$639.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $257M |
| Short-Term Investments | $0 |
| Net Receivables | $74M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $343M |
| PP&E (Net) | $4.6B |
| Goodwill | $0 |
| Intangible Assets | $28M |
| Long-Term Investments | $134M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.7B |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $5.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $266M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $2.9B |
| Net Debt | $2.7B |
