| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $358M | $341M | — | 5.0% | — |
| Op. Income | $14M | -$16M | — | 187.2% | — |
| Gross Margin | 22.3% | 17.6% | — | 4.8pp | — |
| Net Margin | 3.3% | -3.8% | — | 7.0pp | — |
| EPS (Diluted) | $0.28 | $-0.31 | — | 190.3% | — |
| Free Cash Flow | $45M | $68M | — | -32.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $358M |
| Cost of Revenue | $278M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $66M |
| Operating Expenses | $66M |
| Cost & Expenses | $345M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $7M |
| EBIT | $21M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $358M |
| Cost of Revenue | $278M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $66M |
| Operating Expenses | $66M |
| Cost & Expenses | $345M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $7M |
| EBIT | $21M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$66M |
| Purchases of Investments | -$174M |
| Sales/Maturities of Investments | $199M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $47M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $617M |
| Net Receivables | $441M |
| Inventory | $0 |
| Other Current Assets | -$1.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $54M |
| Intangible Assets | $174M |
| Long-Term Investments | $6.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $546M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$546M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $12.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $509M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$524M |
| Accum. Other Comp. Income | -$410M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $13.4B |
| Total Debt | $546M |
| Net Debt | $512M |
