| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $197M | $185M | $356M | 6.4% | -44.7% |
| Op. Income | -$5M | -$3M | $33M | -66.0% | -114.8% |
| Gross Margin | 12.2% | 13.9% | 17.9% | -1.7pp | -5.6pp |
| Net Margin | -5.3% | -11.2% | 8.2% | 5.9pp | -13.5pp |
| EPS (Diluted) | $-0.36 | $-0.71 | $1.00 | 49.3% | -136.0% |
| Free Cash Flow | $2M | $23M | $12M | -93.1% | -86.3% |
| Item | Amount |
|---|---|
| REVENUE | $197M |
| Cost of Revenue | $173M |
| GROSS PROFIT | $24M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $4M |
| Operating Expenses | $29M |
| Cost & Expenses | $202M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $436.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $9M |
| EBIT | -$5M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | -$553.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $103M |
| Inventory | $267M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $451M |
| PP&E (Net) | $133M |
| Goodwill | $335M |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $543M |
| TOTAL ASSETS | $994M |
| Account Payables | $74M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $273M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29.0K |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $306M |
| TOTAL LIABILITIES | $422M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $448M |
| Retained Earnings | $217M |
| Treasury Stock | -$92M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $573M |
| Minority Interest | $0 |
| TOTAL EQUITY | $573M |
| TOTAL LIABILITIES & EQUITY | $994M |
| Total Debt | $318M |
| Net Debt | $242M |
