| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $499M | $500M | $538M | -0.3% | -7.3% |
| Op. Income | -$26M | $43M | -$20M | -162.0% | -30.0% |
| Gross Margin | 58.6% | 72.9% | 67.7% | -14.3pp | -9.1pp |
| Net Margin | -7.4% | 5.4% | -4.7% | -12.8pp | -2.7pp |
| EPS (Diluted) | $-0.74 | $0.54 | $-0.51 | -237.0% | -45.1% |
| Free Cash Flow | $39M | $21M | $3M | 88.0% | 1210.6% |
| Item | Amount |
|---|---|
| REVENUE | $499M |
| Cost of Revenue | $207M |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $188M |
| General & Administrative | $131M |
| SG&A Expenses | $319M |
| Other Expenses | $0 |
| Operating Expenses | $319M |
| Cost & Expenses | $525M |
| OPERATING INCOME | -$26M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $18M |
| EBIT | -$34M |
| EBITDA | -$16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $79M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$41.0K |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $233M |
| Short-Term Investments | $17M |
| Net Receivables | $77M |
| Inventory | $291M |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $701M |
| PP&E (Net) | $515M |
| Goodwill | $229M |
| Intangible Assets | $109M |
| Long-Term Investments | $7M |
| Tax Assets | -$7M |
| Other Non-Current Assets | $238M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $49M |
| Short-Term Debt | $140M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $434M |
| Long-Term Debt | $363M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $106M |
| TOTAL NON-CURRENT LIABILITIES | $537M |
| TOTAL LIABILITIES | $971M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $619M |
| Retained Earnings | $1.9B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | -$109M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $822M |
| Minority Interest | $0 |
| TOTAL EQUITY | $822M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $571M |
| Net Debt | $338M |
