| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $127M | $44M | 27.4% | 271.9% |
| Op. Income | $10M | $1M | -$12M | 860.1% | 180.8% |
| Gross Margin | 16.3% | 13.4% | 4.8% | 2.8pp | 11.5pp |
| Net Margin | 3.6% | 43.9% | -28.3% | -40.2pp | 31.9pp |
| EPS (Diluted) | $0.06 | $0.59 | $-0.14 | -89.4% | 144.7% |
| Free Cash Flow | $11M | $4M | -$12M | 195.2% | 190.8% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $26M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $4M |
| Operating Expenses | $17M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $236.0K |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $5M |
| EBIT | $10M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $26M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $4M |
| Operating Expenses | $17M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $236.0K |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $5M |
| EBIT | $10M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$34.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $33M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $110M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $570M |
| Long-Term Investments | $3M |
| Tax Assets | -$3M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $589M |
| TOTAL ASSETS | $699M |
| Account Payables | $18M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $221M |
| Deferred Revenue NC | $396.0K |
| Deferred Tax Liabilities | -$396.0K |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $272M |
| TOTAL LIABILITIES | $334M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $697M |
| Retained Earnings | -$336M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $365M |
| Minority Interest | $0 |
| TOTAL EQUITY | $365M |
| TOTAL LIABILITIES & EQUITY | $699M |
| Total Debt | $223M |
| Net Debt | $188M |
