| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $286M | $277M | $291M | 3.2% | -1.7% |
| Op. Income | $51M | $56M | $97M | -7.7% | -47.2% |
| Gross Margin | 66.2% | 68.5% | 69.7% | -2.3pp | -3.5pp |
| Net Margin | 5.3% | 5.1% | 21.4% | 0.3pp | -16.1pp |
| EPS (Diluted) | $0.26 | $0.24 | $1.07 | 8.3% | -75.7% |
| Free Cash Flow | -$16M | -$19M | $28M | 14.4% | -158.5% |
| Item | Amount |
|---|---|
| REVENUE | $286M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $190M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $28M |
| Operating Expenses | $138M |
| Cost & Expenses | $235M |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $8M |
| EBIT | $47M |
| EBITDA | $55M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $286M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $190M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $28M |
| Operating Expenses | $138M |
| Cost & Expenses | $235M |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $8M |
| EBIT | $47M |
| EBITDA | $55M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$400.0K |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $317M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $170M |
| Other Current Assets | $279M |
| TOTAL CURRENT ASSETS | $788M |
| PP&E (Net) | $309M |
| Goodwill | $16M |
| Intangible Assets | $9M |
| Long-Term Investments | -$131M |
| Tax Assets | $131M |
| Other Non-Current Assets | $131M |
| TOTAL NON-CURRENT ASSETS | $465M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $56M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $386M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $23M |
| Retained Earnings | -$539M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$295M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$809M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$809M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $1.6B |
| Net Debt | $1.3B |
