| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $261M | $267M | $269M | -2.2% | -3.0% |
| Op. Income | -$8M | $2M | $2M | -500.0% | -500.0% |
| Gross Margin | 17.2% | 21.7% | 18.6% | -4.5pp | -1.3pp |
| Net Margin | 6.9% | 9.7% | 0.7% | -2.8pp | 6.2pp |
| EPS (Diluted) | $0.15 | $0.23 | $0.00 | -34.8% | Infinity% |
| Free Cash Flow | -$41M | -$16M | -$4M | -156.3% | -925.0% |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $216M |
| GROSS PROFIT | $45M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $1M |
| Operating Expenses | $53M |
| Cost & Expenses | $269M |
| OPERATING INCOME | -$8M |
| Interest Income | $2M |
| Interest Expense | $14M |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $8M |
| EBIT | $35M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $0 |
| Net Receivables | $143M |
| Inventory | $241M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $642M |
| PP&E (Net) | $218M |
| Goodwill | $12M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $128M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $128M |
| TOTAL CURRENT LIABILITIES | $266M |
| Long-Term Debt | $460M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $440M |
| TOTAL NON-CURRENT LIABILITIES | $924M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$419M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | $261M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $494M |
| Net Debt | $280M |
