| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $453M | $557M | $467M | -18.7% | -3.0% |
| Op. Income | $12M | $85M | $19M | -86.4% | -38.2% |
| Gross Margin | 85.0% | 85.3% | 83.6% | -0.3pp | 1.4pp |
| Net Margin | -7.2% | 7.2% | -1.1% | -14.5pp | -6.1pp |
| EPS (Diluted) | $-0.84 | $0.99 | $-0.12 | -184.8% | -600.0% |
| Free Cash Flow | -$138M | -$14M | -$3M | -867.8% | -4513.3% |
| Item | Amount |
|---|---|
| REVENUE | $453M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $385M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $146M |
| SG&A Expenses | $146M |
| Other Expenses | $228M |
| Operating Expenses | $374M |
| Cost & Expenses | $442M |
| OPERATING INCOME | $12M |
| Interest Income | $100.0K |
| Interest Expense | $33M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $54M |
| EBIT | -$12M |
| EBITDA | $42M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$57M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$131M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | $179M |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $134M |
| FREE CASH FLOW | -$138M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $45M |
| Inventory | $38M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $112M |
| PP&E (Net) | $2.9B |
| Goodwill | $743M |
| Intangible Assets | $178M |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $90M |
| Short-Term Debt | $7M |
| Deferred Revenue | $140M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $391M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $84M |
| Other Non-Current Liabilities | $202M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $615M |
| Retained Earnings | $648M |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $227M |
| Minority Interest | $0 |
| TOTAL EQUITY | $227M |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $3.1B |
| Net Debt | $3.1B |
