| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $209M | $202M | $188M | 3.5% | 11.6% |
| Op. Income | -$28M | -$39M | -$67M | 28.8% | 58.7% |
| Gross Margin | 29.8% | 29.2% | 17.4% | 0.7pp | 12.5pp |
| Net Margin | -16.6% | -15.0% | 23.5% | -1.6pp | -40.1pp |
| EPS (Diluted) | $-1.16 | $-1.02 | $-1.49 | -13.7% | 22.1% |
| Free Cash Flow | -$27M | -$61M | -$49M | 56.4% | 45.9% |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $62M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $0 |
| Operating Expenses | $90M |
| Cost & Expenses | $237M |
| OPERATING INCOME | -$28M |
| Interest Income | $2M |
| Interest Expense | $15M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $13M |
| EBIT | -$18M |
| EBITDA | -$5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $0 |
| Net Receivables | $118M |
| Inventory | $83M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $332M |
| PP&E (Net) | $408M |
| Goodwill | $117M |
| Intangible Assets | $10M |
| Long-Term Investments | $30M |
| Tax Assets | $8M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $588M |
| TOTAL ASSETS | $921M |
| Account Payables | $57M |
| Short-Term Debt | $340M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $113M |
| TOTAL CURRENT LIABILITIES | $537M |
| Long-Term Debt | $115M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $690M |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$237M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $230M |
| Minority Interest | $2M |
| TOTAL EQUITY | $231M |
| TOTAL LIABILITIES & EQUITY | $921M |
| Total Debt | $491M |
| Net Debt | $372M |
