| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $125M | $119M | $106M | 5.0% | 17.8% |
| Op. Income | $18M | $15M | $13M | 19.4% | 37.3% |
| Gross Margin | 35.8% | 35.7% | 34.1% | 0.2pp | 1.7pp |
| Net Margin | 1.0% | 5.1% | 3.6% | -4.0pp | -2.6pp |
| EPS (Diluted) | $0.11 | $0.51 | $0.33 | -78.4% | -66.7% |
| Free Cash Flow | $11M | -$6M | $12M | 285.0% | -11.0% |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $1M |
| Operating Expenses | $27M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $819.0K |
| Income Tax Expense | -$474.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $4M |
| EBIT | $14M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $1M |
| Operating Expenses | $27M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $819.0K |
| Income Tax Expense | -$474.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $4M |
| EBIT | $14M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $400.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$531.0K |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $92M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $199M |
| PP&E (Net) | $64M |
| Goodwill | $47M |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $144M |
| TOTAL ASSETS | $342M |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $280M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $310M |
| TOTAL LIABILITIES | $385M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | -$106M |
| Retained Earnings | $63M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$43M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$43M |
| TOTAL LIABILITIES & EQUITY | $342M |
| Total Debt | $288M |
| Net Debt | $274M |
