| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $407M | $629M | $403M | -35.2% | 1.0% |
| Op. Income | -$288M | $93M | -$12M | -408.9% | -2252.1% |
| Gross Margin | 81.1% | 73.5% | 79.8% | 7.6pp | 1.4pp |
| Net Margin | -76.7% | 3.9% | -15.2% | -80.6pp | -61.5pp |
| EPS (Diluted) | $-1.88 | $0.15 | $-0.37 | -1353.3% | -408.1% |
| Free Cash Flow | $200M | $188M | $239M | 6.2% | -16.4% |
| Item | Amount |
|---|---|
| REVENUE | $407M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $330M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $228M |
| Other Expenses | $390M |
| Operating Expenses | $618M |
| Cost & Expenses | $695M |
| OPERATING INCOME | -$288M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | -$363M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | -$312M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$312M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$312M |
| D&A | $78M |
| EBIT | $24M |
| EBITDA | $102M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$312M |
| Depreciation & Amortization | $99M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $105M |
| Change in Working Capital | $325M |
| OPERATING CASH FLOW | $217M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $200M |
| Net Change in Cash | $147M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $355M |
| Short-Term Investments | $0 |
| Net Receivables | $353M |
| Inventory | $209M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $194M |
| Goodwill | $2.6B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $431M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $108M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $786M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $854M |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$895M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $665M |
| Minority Interest | $0 |
| TOTAL EQUITY | $665M |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $3.6B |
| Net Debt | $3.3B |
