| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $379M | $822M | $418M | -53.8% | -9.1% |
| Op. Income | -$28M | $91M | -$85M | -130.6% | 67.0% |
| Gross Margin | 33.1% | 43.3% | 33.6% | -10.2pp | -0.6pp |
| Net Margin | -4.5% | 7.7% | -17.0% | -12.1pp | 12.5pp |
| EPS (Diluted) | $-0.26 | $0.97 | $-1.10 | -126.8% | 76.4% |
| Free Cash Flow | -$121M | $346M | -$128M | -135.1% | 5.2% |
| Item | Amount |
|---|---|
| REVENUE | $379M |
| Cost of Revenue | $254M |
| GROSS PROFIT | $125M |
| R&D Expenses | $15M |
| Selling & Marketing | $106M |
| General & Administrative | $32M |
| SG&A Expenses | $138M |
| Other Expenses | $0 |
| Operating Expenses | $153M |
| Cost & Expenses | $407M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $881.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $13M |
| EBIT | -$24M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $636.0K |
| Change in Working Capital | -$110M |
| OPERATING CASH FLOW | -$113M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $214.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$121M |
| Net Change in Cash | -$128M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $184M |
| Short-Term Investments | $0 |
| Net Receivables | $27M |
| Inventory | $159M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $397M |
| PP&E (Net) | $339M |
| Goodwill | $154M |
| Intangible Assets | $117M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $643M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $47M |
| Short-Term Debt | $10M |
| Deferred Revenue | $32M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $210M |
| Long-Term Debt | $179M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $344M |
| TOTAL LIABILITIES | $555M |
| Common Stock | $911.0K |
| Additional Paid-In Capital | $396M |
| Retained Earnings | $286M |
| Treasury Stock | -$197M |
| Accum. Other Comp. Income | -$170.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $485M |
| Minority Interest | $0 |
| TOTAL EQUITY | $485M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $313M |
| Net Debt | $129M |
