| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $418M | $898M | $470M | -53.5% | -11.1% |
| Op. Income | -$85M | $115M | -$26M | -173.5% | -222.4% |
| Gross Margin | 33.6% | 41.0% | 32.8% | -7.3pp | 0.8pp |
| Net Margin | -17.0% | 9.2% | -5.0% | -26.2pp | -12.0pp |
| EPS (Diluted) | $-1.10 | $1.28 | $-0.36 | -185.9% | -205.6% |
| Free Cash Flow | -$128M | $327M | -$162M | -139.2% | 21.1% |
| Item | Amount |
|---|---|
| REVENUE | $418M |
| Cost of Revenue | $277M |
| GROSS PROFIT | $140M |
| R&D Expenses | $15M |
| Selling & Marketing | $106M |
| General & Administrative | $26M |
| SG&A Expenses | $132M |
| Other Expenses | $78M |
| Operating Expenses | $225M |
| Cost & Expenses | $502M |
| OPERATING INCOME | -$85M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$88M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | -$71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$71M |
| D&A | $13M |
| EBIT | -$86M |
| EBITDA | -$73M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$71M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $66M |
| Change in Working Capital | -$128M |
| OPERATING CASH FLOW | -$121M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$22.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$128M |
| Net Change in Cash | -$138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $192M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $319M |
| PP&E (Net) | $360M |
| Goodwill | $153M |
| Intangible Assets | $141M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $679M |
| TOTAL ASSETS | $999M |
| Account Payables | $22M |
| Short-Term Debt | $36M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $205M |
| Long-Term Debt | $128M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $302M |
| TOTAL LIABILITIES | $507M |
| Common Stock | $906.0K |
| Additional Paid-In Capital | $386M |
| Retained Earnings | $294M |
| Treasury Stock | -$188M |
| Accum. Other Comp. Income | -$211.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $492M |
| Minority Interest | $0 |
| TOTAL EQUITY | $492M |
| TOTAL LIABILITIES & EQUITY | $999M |
| Total Debt | $285M |
| Net Debt | $234M |
