| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $271M | $216M | $147M | 25.7% | 84.9% |
| Op. Income | $32M | $40M | $23M | -20.8% | 36.7% |
| Gross Margin | 70.8% | 70.7% | 67.4% | 0.1pp | 3.5pp |
| Net Margin | 9.9% | 15.4% | 13.0% | -5.5pp | -3.1pp |
| EPS (Diluted) | $0.46 | $0.58 | $0.34 | -20.7% | 35.3% |
| Free Cash Flow | -$22M | $27M | $25M | -180.0% | -186.6% |
| Item | Amount |
|---|---|
| REVENUE | $271M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $192M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $160M |
| Cost & Expenses | $239M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $8M |
| EBIT | $32M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $271M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $192M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $160M |
| Cost & Expenses | $239M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $8M |
| EBIT | $32M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | -$93M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$275M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$279M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $207M |
| NET CASH FROM FINANCING | $204M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$93M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $0 |
| Net Receivables | $121M |
| Inventory | $205M |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $455M |
| PP&E (Net) | $13M |
| Goodwill | $340M |
| Intangible Assets | $231M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $653M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $73M |
| Short-Term Debt | $100M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $303M |
| Long-Term Debt | $164M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $191M |
| TOTAL LIABILITIES | $494M |
| Common Stock | $553.0K |
| Additional Paid-In Capital | $923M |
| Retained Earnings | -$309M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$58.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $614M |
| Minority Interest | $0 |
| TOTAL EQUITY | $614M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $294M |
| Net Debt | $221M |
