| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $480M | $346M | $509M | 39.0% | -5.7% |
| Op. Income | $47M | -$26M | $58M | 282.7% | -19.2% |
| Gross Margin | 31.3% | 21.9% | 32.3% | 9.4pp | -1.0pp |
| Net Margin | 8.0% | -10.2% | 8.4% | 18.2pp | -0.4pp |
| EPS (Diluted) | $3.05 | $-2.82 | $3.26 | 208.2% | -6.4% |
| Free Cash Flow | -$16M | -$45M | $23M | 64.1% | -169.0% |
| Item | Amount |
|---|---|
| REVENUE | $480M |
| Cost of Revenue | $330M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $104M |
| Other Expenses | $0 |
| Operating Expenses | $104M |
| Cost & Expenses | $433M |
| OPERATING INCOME | $47M |
| Interest Income | $17.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $71M |
| EBIT | $45M |
| EBITDA | $116M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $480M |
| Cost of Revenue | $330M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $104M |
| Other Expenses | $0 |
| Operating Expenses | $104M |
| Cost & Expenses | $433M |
| OPERATING INCOME | $47M |
| Interest Income | $17.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $71M |
| EBIT | $45M |
| EBITDA | $116M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | -$5M |
| Deferred Income Tax | $438.0K |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$64.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | -$62.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $52M |
| Inventory | $462M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $597M |
| PP&E (Net) | $263M |
| Goodwill | $0 |
| Intangible Assets | $70M |
| Long-Term Investments | $0 |
| Tax Assets | $35M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $376M |
| TOTAL ASSETS | $973M |
| Account Payables | $183M |
| Short-Term Debt | $425M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $706M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $150M |
| TOTAL LIABILITIES | $855M |
| Common Stock | $1M |
| Additional Paid-In Capital | $140M |
| Retained Earnings | -$6M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $973M |
| Total Debt | $551M |
| Net Debt | $538M |
