| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $201M | $356M | — | -43.5% | — |
| Op. Income | $25M | $113M | — | -78.3% | — |
| Gross Margin | 42.8% | 49.3% | — | -6.5pp | — |
| Net Margin | 10.8% | 27.3% | — | -16.5pp | — |
| EPS (Diluted) | $0.42 | $1.90 | — | -77.9% | — |
| Free Cash Flow | $60M | $122M | — | -50.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $201M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $86M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $17M |
| Operating Expenses | $61M |
| Cost & Expenses | $177M |
| OPERATING INCOME | $25M |
| Interest Income | $2M |
| Interest Expense | $13M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $73.0K |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $15M |
| EBIT | $35M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $201M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $86M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $17M |
| Operating Expenses | $61M |
| Cost & Expenses | $177M |
| OPERATING INCOME | $25M |
| Interest Income | $2M |
| Interest Expense | $13M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $73.0K |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $15M |
| EBIT | $35M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $550.0K |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$79M |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $0 |
| Net Receivables | $219M |
| Inventory | $3M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $408M |
| PP&E (Net) | $886M |
| Goodwill | $69M |
| Intangible Assets | $64M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $119M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $19M |
| Short-Term Debt | $16M |
| Deferred Revenue | $258M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $555M |
| Long-Term Debt | $643M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $947M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $77M |
| TOTAL STOCKHOLDERS' EQUITY | $44M |
| Minority Interest | $0 |
| TOTAL EQUITY | $44M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $927M |
| Net Debt | $804M |
