| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $271M | $261M | $214M | 3.6% | 26.8% |
| Op. Income | $13M | $18M | $5M | -29.4% | 132.3% |
| Gross Margin | 65.6% | 63.8% | 63.3% | 1.8pp | 2.3pp |
| Net Margin | 3.4% | 7.3% | -1.1% | -3.8pp | 4.5pp |
| EPS (Diluted) | $0.23 | $0.48 | $-0.06 | -52.1% | 484.0% |
| Free Cash Flow | $28M | $13M | -$19M | 115.7% | 242.9% |
| Item | Amount |
|---|---|
| REVENUE | $271M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $178M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $126M |
| Other Expenses | $18M |
| Operating Expenses | $165M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $13M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $679.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $7M |
| EBIT | $31M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $271M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $178M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $126M |
| Other Expenses | $18M |
| Operating Expenses | $165M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $13M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $679.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $7M |
| EBIT | $31M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$988.0K |
| Purchases of Investments | -$58M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | -$499.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$123.0K |
| NET CASH FROM FINANCING | $212.0K |
| FREE CASH FLOW | $28M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $148M |
| Net Receivables | $207M |
| Inventory | $374M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $868M |
| PP&E (Net) | $282M |
| Goodwill | $166M |
| Intangible Assets | $73M |
| Long-Term Investments | $0 |
| Tax Assets | $64M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $600M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $219M |
| TOTAL LIABILITIES | $364M |
| Common Stock | $38.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $81M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $229M |
| Net Debt | $128M |
