| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $245M | $246M | $182M | -0.2% | 34.7% |
| Op. Income | $22M | $41M | -$13M | -44.6% | 277.8% |
| Gross Margin | 24.2% | 20.9% | 18.4% | 3.3pp | 5.8pp |
| Net Margin | 0.7% | 11.3% | -12.3% | -10.6pp | 13.0pp |
| EPS (Diluted) | $0.04 | $0.04 | $-0.04 | -11.7% | 206.8% |
| Free Cash Flow | -$690.0K | $28M | -$45M | -102.4% | 98.5% |
| Item | Amount |
|---|---|
| REVENUE | $245M |
| Cost of Revenue | $186M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $26M |
| Operating Expenses | $37M |
| Cost & Expenses | $223M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $44M |
| EBIT | $24M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $245M |
| Cost of Revenue | $186M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $26M |
| Operating Expenses | $37M |
| Cost & Expenses | $223M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $44M |
| EBIT | $24M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$56M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $199.0K |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | -$51M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$690.0K |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $57M |
| Inventory | $105M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $206M |
| PP&E (Net) | $2.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $42M |
| Tax Assets | $0 |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $87M |
| Short-Term Debt | $36M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $189M |
| Long-Term Debt | $497M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $111M |
| Other Non-Current Liabilities | $121M |
| TOTAL NON-CURRENT LIABILITIES | $729M |
| TOTAL LIABILITIES | $917M |
| Common Stock | $159M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$497M |
| Treasury Stock | -$35M |
| 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 | $540M |
| Net Debt | $518M |
