| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $182M | $178M | $146M | 2.1% | 24.3% |
| Op. Income | -$13M | $5M | -$25M | -362.8% | 50.3% |
| Gross Margin | 18.4% | 21.1% | 5.8% | -2.7pp | 12.6pp |
| Net Margin | -12.3% | -8.8% | -16.1% | -3.5pp | 3.8pp |
| EPS (Diluted) | $-0.04 | $-0.03 | $-0.04 | -41.9% | 13.0% |
| Free Cash Flow | -$45M | -$28M | -$62M | -62.9% | 26.9% |
| Item | Amount |
|---|---|
| REVENUE | $182M |
| Cost of Revenue | $148M |
| GROSS PROFIT | $33M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $39M |
| Operating Expenses | $46M |
| Cost & Expenses | $195M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $138.0K |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $37M |
| EBIT | -$13M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $80.0K |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | $46M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $42M |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $97M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $248M |
| PP&E (Net) | $2.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $17M |
| Tax Assets | $3M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $87M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $605M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $109M |
| Other Non-Current Liabilities | $124M |
| TOTAL NON-CURRENT LIABILITIES | $838M |
| TOTAL LIABILITIES | $983M |
| Common Stock | $154M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$457M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $616M |
| Net Debt | $516M |
