| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $438M | $454M | $455M | -3.5% | -3.7% |
| Op. Income | -$28M | -$781.0K | -$141M | -3472.5% | 80.2% |
| Gross Margin | 22.1% | 22.5% | 21.4% | -0.5pp | 0.6pp |
| Net Margin | -11.0% | -3.0% | -25.4% | -8.0pp | 14.4pp |
| EPS (Diluted) | $-0.54 | $-0.15 | $-1.29 | -260.0% | 58.1% |
| Free Cash Flow | $30M | $15M | $22M | 104.0% | 40.1% |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $342M |
| GROSS PROFIT | $97M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $58M |
| Operating Expenses | $125M |
| Cost & Expenses | $466M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $11M |
| EBIT | -$28M |
| EBITDA | -$17M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $50M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $188.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$32M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$111.0K |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $0 |
| Net Receivables | $191M |
| Inventory | $281M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $572M |
| PP&E (Net) | $352M |
| Goodwill | $936M |
| Intangible Assets | $250M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $179M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $272M |
| Long-Term Debt | $770M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $52M |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $932M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $580M |
| Treasury Stock | -$729M |
| Accum. Other Comp. Income | -$136M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $944M |
| Minority Interest | $0 |
| TOTAL EQUITY | $944M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $860M |
| Net Debt | $810M |
