| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $390M | $320M | $480M | 22.1% | -18.8% |
| Op. Income | $29M | $6M | $47M | 352.6% | -37.4% |
| Gross Margin | 33.1% | 32.0% | 31.3% | 1.1pp | 1.8pp |
| Net Margin | 5.1% | -10.0% | 8.0% | 15.2pp | -2.9pp |
| EPS (Diluted) | $1.57 | $-2.51 | $3.05 | 162.5% | -48.5% |
| Free Cash Flow | -$48M | -$92M | -$16M | 48.0% | -195.3% |
| Item | Amount |
|---|---|
| REVENUE | $390M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $129M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $100M |
| Other Expenses | $0 |
| Operating Expenses | $100M |
| Cost & Expenses | $361M |
| OPERATING INCOME | $29M |
| Interest Income | $14.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | -$900.0K |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $9M |
| EBIT | $29M |
| EBITDA | $39M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $390M |
| Cost of Revenue | $261M |
| GROSS PROFIT | $129M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $100M |
| Other Expenses | $0 |
| Operating Expenses | $100M |
| Cost & Expenses | $361M |
| OPERATING INCOME | $29M |
| Interest Income | $14.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | -$900.0K |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $9M |
| EBIT | $29M |
| EBITDA | $39M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $21.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$94M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $46M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $62M |
| Inventory | $492M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $603M |
| PP&E (Net) | $265M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $286M |
| TOTAL ASSETS | $889M |
| Account Payables | $126M |
| Short-Term Debt | $428M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $649M |
| Long-Term Debt | $166M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $289M |
| TOTAL LIABILITIES | $938M |
| Common Stock | $1M |
| Additional Paid-In Capital | $151M |
| Retained Earnings | -$185M |
| Treasury Stock | -$110.0K |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$50M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$50M |
| TOTAL LIABILITIES & EQUITY | $889M |
| Total Debt | $702M |
| Net Debt | $696M |
