| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $127M | $153M | -7.3% | -23.2% |
| Op. Income | -$64M | $17M | $45M | -467.5% | -241.5% |
| Gross Margin | 54.5% | 44.2% | 55.9% | 10.4pp | -1.3pp |
| Net Margin | -86.2% | 14.0% | 53.3% | -100.2pp | -139.4pp |
| EPS (Diluted) | $-1.99 | $0.26 | $1.19 | -877.1% | -266.9% |
| Free Cash Flow | $24M | $16M | $25M | 48.6% | -7.3% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $9M |
| SG&A Expenses | $18M |
| Other Expenses | $109M |
| Operating Expenses | $128M |
| Cost & Expenses | $181M |
| OPERATING INCOME | -$64M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | -$106M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$101M |
| D&A | $11M |
| EBIT | -$52M |
| EBITDA | -$42M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$101M |
| Depreciation & Amortization | -$3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $126M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$321.1K |
| Purchases of Investments | $309M |
| Sales/Maturities of Investments | -$308M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $64M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | -$39M |
| NET CASH FROM FINANCING | $47.5K |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $10M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $122M |
| PP&E (Net) | $685M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $69M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $754M |
| TOTAL ASSETS | $876M |
| Account Payables | $36M |
| Short-Term Debt | $51M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $123M |
| Long-Term Debt | $229M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $242M |
| TOTAL LIABILITIES | $365M |
| Common Stock | $116M |
| Additional Paid-In Capital | $7M |
| Retained Earnings | $388M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $511M |
| Minority Interest | $0 |
| TOTAL EQUITY | $511M |
| TOTAL LIABILITIES & EQUITY | $876M |
| Total Debt | $290M |
| Net Debt | $242M |
