| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $269M | $295M | $289M | -8.8% | -6.9% |
| Op. Income | $2M | $10M | -$7M | -80.0% | 128.6% |
| Gross Margin | 18.6% | 21.4% | 14.9% | -2.8pp | 3.7pp |
| Net Margin | 0.7% | 11.9% | 0.7% | -11.1pp | 0.1pp |
| EPS (Diluted) | $0.00 | $0.30 | $-0.01 | -100.0% | 100.0% |
| Free Cash Flow | -$4M | $1M | -$37M | -500.0% | 89.2% |
| Item | Amount |
|---|---|
| REVENUE | $269M |
| Cost of Revenue | $219M |
| GROSS PROFIT | $50M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $41M |
| Operating Expenses | $48M |
| Cost & Expenses | $267M |
| OPERATING INCOME | $2M |
| Interest Income | $1M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $0 |
| 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 | $0 |
| D&A | $7M |
| EBIT | $46M |
| EBITDA | $53M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $269M |
| Cost of Revenue | $219M |
| GROSS PROFIT | $50M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $41M |
| Operating Expenses | $48M |
| Cost & Expenses | $267M |
| OPERATING INCOME | $2M |
| Interest Income | $1M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $0 |
| 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 | $0 |
| D&A | $7M |
| EBIT | $46M |
| EBITDA | $53M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $91M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $89M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $246M |
| Short-Term Investments | $0 |
| Net Receivables | $191M |
| Inventory | $239M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $712M |
| PP&E (Net) | $194M |
| Goodwill | $12M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $124M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $133M |
| TOTAL CURRENT LIABILITIES | $271M |
| Long-Term Debt | $451M |
| Deferred Revenue NC | $64M |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $351M |
| TOTAL NON-CURRENT LIABILITIES | $919M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$500M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | $312M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $491M |
| Net Debt | $245M |
