| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $222M | $184M | $139M | 20.2% | 59.4% |
| Op. Income | $20M | $1M | -$10M | 1357.1% | 296.2% |
| Gross Margin | 23.8% | 18.2% | 13.2% | 5.7pp | 10.7pp |
| Net Margin | 5.0% | -4.1% | -13.5% | 9.1pp | 18.5pp |
| EPS (Diluted) | $0.97 | $-0.67 | $-2.19 | 244.8% | 144.3% |
| Free Cash Flow | $6M | -$16M | -$8M | 137.0% | 178.9% |
| Item | Amount |
|---|---|
| REVENUE | $222M |
| Cost of Revenue | $169M |
| GROSS PROFIT | $53M |
| R&D Expenses | $200.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $14M |
| Operating Expenses | $32M |
| Cost & Expenses | $201M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $300.0K |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $14M |
| EBIT | $20M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $222M |
| Cost of Revenue | $169M |
| GROSS PROFIT | $53M |
| R&D Expenses | $200.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $14M |
| Operating Expenses | $32M |
| Cost & Expenses | $201M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $300.0K |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $14M |
| EBIT | $20M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $700.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$900.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $143M |
| Inventory | $26M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $225M |
| PP&E (Net) | $207M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $215M |
| TOTAL ASSETS | $440M |
| Account Payables | $85M |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$21M |
| TOTAL CURRENT LIABILITIES | $157M |
| Long-Term Debt | $296M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $400.0K |
| TOTAL NON-CURRENT LIABILITIES | $340M |
| TOTAL LIABILITIES | $496M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $490M |
| Retained Earnings | -$542M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$56M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$56M |
| TOTAL LIABILITIES & EQUITY | $440M |
| Total Debt | $362M |
| Net Debt | $321M |
