| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $328M | $397M | $423M | -17.4% | -22.6% |
| Op. Income | $39M | $71M | $108M | -44.8% | -63.7% |
| Gross Margin | 15.4% | 21.8% | 28.2% | -6.3pp | -12.7pp |
| Net Margin | 12.7% | 17.8% | 20.2% | -5.1pp | -7.4pp |
| EPS (Diluted) | $0.80 | $1.35 | $1.64 | -40.7% | -51.2% |
| Free Cash Flow | -$54M | $36M | $32M | -249.0% | -267.5% |
| Item | Amount |
|---|---|
| REVENUE | $328M |
| Cost of Revenue | $277M |
| GROSS PROFIT | $51M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $107.0K |
| Operating Expenses | $12M |
| Cost & Expenses | $289M |
| OPERATING INCOME | $39M |
| Interest Income | $9M |
| Interest Expense | $1M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $37M |
| EBIT | $48M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $328M |
| Cost of Revenue | $277M |
| GROSS PROFIT | $51M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $107.0K |
| Operating Expenses | $12M |
| Cost & Expenses | $289M |
| OPERATING INCOME | $39M |
| Interest Income | $9M |
| Interest Expense | $1M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $37M |
| EBIT | $48M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $874.0K |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | -$116M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$57M |
| NET CASH FROM INVESTING | -$172M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$54M |
| Net Change in Cash | -$118M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $583M |
| Short-Term Investments | $9M |
| Net Receivables | $188M |
| Inventory | $191M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $972M |
| PP&E (Net) | $1.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $50M |
| Tax Assets | $5M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $45M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $167M |
| Long-Term Debt | $153M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $71M |
| Other Non-Current Liabilities | $99M |
| TOTAL NON-CURRENT LIABILITIES | $326M |
| TOTAL LIABILITIES | $494M |
| Common Stock | $545.0K |
| Additional Paid-In Capital | $283M |
| Retained Earnings | $1.9B |
| Treasury Stock | -$51M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $170M |
| Net Debt | -$413M |
