| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $509M | $588M | $623M | -13.4% | -18.4% |
| Op. Income | $38M | $45M | $46M | -15.2% | -18.1% |
| Gross Margin | 26.3% | 23.8% | 21.4% | 2.5pp | 4.9pp |
| Net Margin | 5.4% | 5.6% | 5.7% | -0.2pp | -0.4pp |
| EPS (Diluted) | $1.02 | $1.22 | $1.34 | -16.4% | -23.9% |
| Free Cash Flow | $131M | $29M | -$31M | 346.9% | 528.0% |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $375M |
| GROSS PROFIT | $134M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $6M |
| Operating Expenses | $96M |
| Cost & Expenses | $471M |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $983.0K |
| Other Income/Expenses | $366.0K |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $7M |
| EBIT | $39M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $375M |
| GROSS PROFIT | $134M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $6M |
| Operating Expenses | $96M |
| Cost & Expenses | $471M |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $983.0K |
| Other Income/Expenses | $366.0K |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $7M |
| EBIT | $39M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$175.0K |
| Change in Working Capital | $96M |
| OPERATING CASH FLOW | $133M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $92.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$71M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$71M |
| FREE CASH FLOW | $131M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $142M |
| Short-Term Investments | $0 |
| Net Receivables | $758M |
| Inventory | $218M |
| Other Current Assets | $101M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $89M |
| Goodwill | $158M |
| Intangible Assets | $43M |
| Long-Term Investments | $87M |
| Tax Assets | $4M |
| Other Non-Current Assets | -$4M |
| TOTAL NON-CURRENT ASSETS | $376M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $295M |
| Short-Term Debt | $129M |
| Deferred Revenue | $130M |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $631M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $59M |
| Deferred Tax Liabilities | $561.0K |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $86M |
| TOTAL LIABILITIES | $718M |
| Common Stock | $274.0K |
| Additional Paid-In Capital | $177M |
| Retained Earnings | $721M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $878M |
| Minority Interest | $0 |
| TOTAL EQUITY | $878M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $141M |
| Net Debt | -$1M |
