| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $417M | $371M | $278M | 12.4% | 50.4% |
| Op. Income | $52M | $33M | $30M | 54.8% | 70.4% |
| Gross Margin | 57.1% | 55.1% | 60.2% | 2.0pp | -3.1pp |
| Net Margin | 6.3% | 16.8% | 6.0% | -10.6pp | 0.3pp |
| EPS (Diluted) | $0.08 | $0.20 | $0.05 | -62.6% | 49.7% |
| Free Cash Flow | -$69M | -$91M | -$62M | 24.0% | -11.1% |
| Item | Amount |
|---|---|
| REVENUE | $417M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $239M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $0 |
| Operating Expenses | $187M |
| Cost & Expenses | $366M |
| OPERATING INCOME | $52M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $17M |
| EBIT | $35M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $417M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $239M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $0 |
| Operating Expenses | $187M |
| Cost & Expenses | $366M |
| OPERATING INCOME | $52M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $17M |
| EBIT | $35M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$85M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$69M |
| Net Change in Cash | -$82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $453M |
| Short-Term Investments | $40M |
| Net Receivables | $227M |
| Inventory | $334M |
| Other Current Assets | $266M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $529M |
| Goodwill | $0 |
| Intangible Assets | $72M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $630M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $74M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $176M |
| TOTAL CURRENT LIABILITIES | $250M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $475M |
| TOTAL LIABILITIES | $726M |
| Common Stock | $43M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$148M |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | $1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $440M |
| Net Debt | -$13M |
