| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $612M | $565M | $417M | 8.1% | 46.5% |
| Op. Income | $74M | $50M | $52M | 46.7% | 42.0% |
| Gross Margin | 59.9% | 59.5% | 57.1% | 0.3pp | 2.7pp |
| Net Margin | 12.2% | 0.7% | 6.3% | 11.5pp | 5.9pp |
| EPS (Diluted) | $0.24 | $0.01 | $0.08 | 1762.7% | 217.2% |
| Free Cash Flow | $126M | -$9M | -$69M | 1460.3% | 283.2% |
| Item | Amount |
|---|---|
| REVENUE | $612M |
| Cost of Revenue | $245M |
| GROSS PROFIT | $366M |
| R&D Expenses | $0 |
| Selling & Marketing | $193M |
| General & Administrative | $99M |
| SG&A Expenses | $293M |
| Other Expenses | $0 |
| Operating Expenses | $293M |
| Cost & Expenses | $538M |
| OPERATING INCOME | $74M |
| Interest Income | $1M |
| Interest Expense | $4M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $21M |
| EBIT | $92M |
| EBITDA | $113M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $612M |
| Cost of Revenue | $245M |
| GROSS PROFIT | $366M |
| R&D Expenses | $0 |
| Selling & Marketing | $193M |
| General & Administrative | $99M |
| SG&A Expenses | $293M |
| Other Expenses | $0 |
| Operating Expenses | $293M |
| Cost & Expenses | $538M |
| OPERATING INCOME | $74M |
| Interest Income | $1M |
| Interest Expense | $4M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $21M |
| EBIT | $92M |
| EBITDA | $113M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $75M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$38M |
| Change in Working Capital | $57M |
| OPERATING CASH FLOW | $137M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$763.7K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $126M |
| Net Change in Cash | $121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $550M |
| Short-Term Investments | $66M |
| Net Receivables | $327M |
| Inventory | $540M |
| Other Current Assets | $107M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $407M |
| Goodwill | $0 |
| Intangible Assets | $83M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $581M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $127M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $347M |
| TOTAL CURRENT LIABILITIES | $474M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $305M |
| TOTAL LIABILITIES | $779M |
| Common Stock | $43M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$47M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | $1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $264M |
| Net Debt | -$285M |
