| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.2B | -7.3% | -9.1% |
| Op. Income | -$15M | -$17M | -$96M | 11.4% | 84.7% |
| Gross Margin | 26.1% | 26.3% | 24.6% | -0.2pp | 1.6pp |
| Net Margin | -0.3% | -0.2% | -8.0% | -0.0pp | 7.7pp |
| EPS (Diluted) | $-0.01 | $-0.01 | $-0.31 | -10.9% | 96.7% |
| Free Cash Flow | $11M | -$119M | $164M | 109.3% | -93.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $797M |
| GROSS PROFIT | $282M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $297M |
| Other Expenses | $0 |
| Operating Expenses | $297M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$15M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $11M |
| EBIT | -$15M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $13M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $909M |
| Short-Term Investments | $301M |
| Net Receivables | $88M |
| Inventory | $1.0B |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $685M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $17M |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $770M |
| TOTAL ASSETS | $3.1B |
| Account Payables | $813M |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $446M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$276M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$89M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $614M |
| Net Debt | -$295M |
