| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $263M | $230M | $253M | 14.8% | 4.1% |
| Op. Income | $2M | -$8M | $10M | 125.9% | -80.4% |
| Gross Margin | 34.3% | 35.3% | 39.4% | -1.0pp | -5.1pp |
| Net Margin | 2.0% | -4.8% | 1.6% | 6.7pp | 0.3pp |
| EPS (Diluted) | $0.09 | $-0.19 | $0.07 | 147.4% | 28.6% |
| Free Cash Flow | -$13M | $22M | -$10M | -157.0% | -22.7% |
| Item | Amount |
|---|---|
| REVENUE | $263M |
| Cost of Revenue | $173M |
| GROSS PROFIT | $90M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $17M |
| Operating Expenses | $88M |
| Cost & Expenses | $262M |
| OPERATING INCOME | $2M |
| Interest Income | $80.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $24M |
| EBIT | $1M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $48.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $0 |
| Net Receivables | $502M |
| Inventory | $343M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $938M |
| PP&E (Net) | $183M |
| Goodwill | $938M |
| Intangible Assets | $311M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $111M |
| Short-Term Debt | $0 |
| Deferred Revenue | $55M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $220M |
| Long-Term Debt | $512M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $603M |
| TOTAL LIABILITIES | $823M |
| Common Stock | $567.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $366M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $580M |
| Net Debt | $515M |
