| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $256M | $258M | $216M | -1.0% | 18.5% |
| Op. Income | $21M | $27M | $14M | -22.9% | 51.4% |
| Gross Margin | 58.2% | 57.7% | 60.0% | 0.4pp | -1.8pp |
| Net Margin | 7.1% | -2.6% | 5.7% | 9.8pp | 1.5pp |
| EPS (Diluted) | $0.21 | $-0.08 | $0.15 | 363.8% | 40.0% |
| Free Cash Flow | $18M | $24M | $10M | -24.0% | 76.1% |
| Item | Amount |
|---|---|
| REVENUE | $256M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $110M |
| Operating Expenses | $128M |
| Cost & Expenses | $235M |
| OPERATING INCOME | $21M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $698.0K |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $8M |
| EBIT | $25M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $256M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $110M |
| Operating Expenses | $128M |
| Cost & Expenses | $235M |
| OPERATING INCOME | $21M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $698.0K |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $8M |
| EBIT | $25M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$502.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$21M |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $238M |
| Short-Term Investments | $0 |
| Net Receivables | $303M |
| Inventory | $155M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $711M |
| PP&E (Net) | $305M |
| Goodwill | $302M |
| Intangible Assets | $60M |
| Long-Term Investments | $49M |
| Tax Assets | $20M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $747M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $19M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $150M |
| Long-Term Debt | $360M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $349.0K |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $569M |
| TOTAL LIABILITIES | $719M |
| Common Stock | $552.0K |
| Additional Paid-In Capital | $345M |
| Retained Earnings | $423M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $739M |
| Minority Interest | $0 |
| TOTAL EQUITY | $739M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $614M |
| Net Debt | $376M |
