| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $291M | $275M | $295M | 6.0% | -1.3% |
| Op. Income | $97M | $99M | $124M | -1.8% | -21.9% |
| Gross Margin | 69.7% | 69.7% | 68.7% | 0.0pp | 1.0pp |
| Net Margin | 21.4% | 29.0% | 35.5% | -7.6pp | -14.1pp |
| EPS (Diluted) | $1.07 | $1.38 | $1.84 | -22.5% | -41.8% |
| Free Cash Flow | $28M | $177M | $122M | -84.4% | -77.5% |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $203M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $8M |
| Operating Expenses | $106M |
| Cost & Expenses | $194M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $9M |
| EBIT | $93M |
| EBITDA | $102M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $203M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $8M |
| Operating Expenses | $106M |
| Cost & Expenses | $194M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $9M |
| EBIT | $93M |
| EBITDA | $102M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $400.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$57M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $292M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $130M |
| Other Current Assets | $97M |
| TOTAL CURRENT ASSETS | $581M |
| PP&E (Net) | $376M |
| Goodwill | $16M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $37M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $469M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $64M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $229M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | -$37M |
| Deferred Tax Liabilities | $37M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $6M |
| Retained Earnings | -$556M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$298M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$848M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$848M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
