| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $513M | $618M | — | -17.0% | — |
| Op. Income | -$9M | $30M | — | -131.0% | — |
| Gross Margin | 11.7% | 16.7% | — | -5.0pp | — |
| Net Margin | -11.5% | -0.5% | — | -11.0pp | — |
| EPS (Diluted) | $-0.52 | $-0.03 | — | -1884.6% | — |
| Free Cash Flow | $16M | -$13M | — | 225.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $513M |
| Cost of Revenue | $453M |
| GROSS PROFIT | $60M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | -$907.0K |
| Operating Expenses | $69M |
| Cost & Expenses | $522M |
| OPERATING INCOME | -$9M |
| Interest Income | $16M |
| Interest Expense | $55M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | -$59M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $10M |
| EBIT | -$4M |
| EBITDA | $5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $556.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$403 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$73M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $22.8K |
| NET CASH FROM FINANCING | -$74M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $395M |
| Other Current Assets | $131M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $87M |
| Goodwill | $141M |
| Intangible Assets | $57M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $187M |
| TOTAL NON-CURRENT ASSETS | $472M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $1.1B |
| Short-Term Debt | $293M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $217M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $94M |
| TOTAL NON-CURRENT LIABILITIES | $127M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $119.1K |
| Additional Paid-In Capital | $426M |
| Retained Earnings | -$128M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $304M |
| Minority Interest | $51M |
| TOTAL EQUITY | $355M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $346M |
| Net Debt | $266M |
