| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $221M | $234M | $222M | -5.7% | -0.5% |
| Op. Income | $16M | $20M | $20M | -16.3% | -19.6% |
| Gross Margin | 24.7% | 25.9% | 23.8% | -1.3pp | 0.8pp |
| Net Margin | 3.4% | 4.9% | 5.0% | -1.4pp | -1.6pp |
| EPS (Diluted) | $0.47 | $0.71 | $0.97 | -33.8% | -51.5% |
| Free Cash Flow | $8M | $44M | $6M | -82.2% | 30.0% |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $54M |
| R&D Expenses | $400.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $16M |
| Interest Income | $700.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $300.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $19M |
| EBIT | $17M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $54M |
| R&D Expenses | $400.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $16M |
| Interest Income | $700.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $300.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $19M |
| EBIT | $17M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $800.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $700.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$300.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$200.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $0 |
| Net Receivables | $156M |
| Inventory | $33M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $287M |
| PP&E (Net) | $230M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $237M |
| TOTAL ASSETS | $524M |
| Account Payables | $79M |
| Short-Term Debt | $30M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$30M |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $284M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $400.0K |
| TOTAL NON-CURRENT LIABILITIES | $324M |
| TOTAL LIABILITIES | $477M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $553M |
| Retained Earnings | -$500M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48M |
| Minority Interest | $0 |
| TOTAL EQUITY | $48M |
| TOTAL LIABILITIES & EQUITY | $524M |
| Total Debt | $353M |
| Net Debt | $263M |
