| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $981M | -4.6% | 4.1% |
| Op. Income | $28M | $57M | $50M | -50.5% | -43.1% |
| Gross Margin | 9.2% | 9.6% | 9.5% | -0.5pp | -0.4pp |
| Net Margin | 1.5% | 3.8% | 3.8% | -2.3pp | -2.3pp |
| EPS (Diluted) | $0.56 | $1.45 | $1.33 | -61.4% | -57.9% |
| Free Cash Flow | -$11M | $80M | -$42M | -114.4% | 72.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $928M |
| GROSS PROFIT | $94M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $23M |
| Operating Expenses | $65M |
| Cost & Expenses | $993M |
| OPERATING INCOME | $28M |
| Interest Income | $598.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $18M |
| EBIT | $26M |
| EBITDA | $44M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $928M |
| GROSS PROFIT | $94M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $23M |
| Operating Expenses | $65M |
| Cost & Expenses | $993M |
| OPERATING INCOME | $28M |
| Interest Income | $598.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $18M |
| EBIT | $26M |
| EBITDA | $44M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$386.0K |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $206.0K |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $253M |
| Short-Term Investments | $0 |
| Net Receivables | $840M |
| Inventory | $1.6B |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $548M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $40M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $620M |
| TOTAL ASSETS | $3.4B |
| Account Payables | $697M |
| Short-Term Debt | $305M |
| Deferred Revenue | $582M |
| Other Current Liabilities | -$9M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $187M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $294M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $543.0K |
| Additional Paid-In Capital | $656M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $542M |
| Net Debt | $289M |
