| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $418M | $452M | $383M | -7.6% | 9.0% |
| Op. Income | $30M | $17M | $30M | 78.5% | -2.3% |
| Gross Margin | 39.4% | 31.7% | 39.8% | 7.7pp | -0.4pp |
| Net Margin | 5.5% | 3.1% | 6.0% | 2.4pp | -0.5pp |
| EPS (Diluted) | $0.37 | $0.22 | $0.36 | 68.2% | 2.8% |
| Free Cash Flow | -$18M | $21M | -$51M | -185.0% | 64.2% |
| Item | Amount |
|---|---|
| REVENUE | $418M |
| Cost of Revenue | $253M |
| GROSS PROFIT | $165M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $125M |
| Other Expenses | $6M |
| Operating Expenses | $131M |
| Cost & Expenses | $384M |
| OPERATING INCOME | $30M |
| Interest Income | $866.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $866.0K |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $7M |
| EBIT | $34M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $418M |
| Cost of Revenue | $253M |
| GROSS PROFIT | $165M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $125M |
| Other Expenses | $6M |
| Operating Expenses | $131M |
| Cost & Expenses | $384M |
| OPERATING INCOME | $30M |
| Interest Income | $866.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $866.0K |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $7M |
| EBIT | $34M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $176.0K |
| Other Non-Cash Items | -$91.0K |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $162.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $162.0K |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$231.0K |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $182M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $524M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $714M |
| PP&E (Net) | $618M |
| Goodwill | $445M |
| Intangible Assets | $231M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $83M |
| Short-Term Debt | $445.0K |
| Deferred Revenue | $10M |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $252M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $65M |
| Other Non-Current Liabilities | $1.0K |
| TOTAL NON-CURRENT LIABILITIES | $440M |
| TOTAL LIABILITIES | $692M |
| Common Stock | $67.0K |
| Additional Paid-In Capital | $675M |
| Retained Earnings | $933M |
| Treasury Stock | -$290M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $456M |
| Net Debt | $274M |
