| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$36M | $117M | $203M | -130.4% | -117.5% |
| Op. Income | -$89M | $72M | $164M | -223.2% | -154.2% |
| Gross Margin | 196.3% | 70.1% | 87.3% | 126.2pp | 109.1pp |
| Net Margin | 250.3% | 61.7% | 80.8% | 188.6pp | 169.5pp |
| EPS (Diluted) | $-0.27 | $0.06 | $0.85 | -528.6% | -131.8% |
| Free Cash Flow | $96M | -$121M | -$288M | 179.8% | 133.4% |
| Item | Amount |
|---|---|
| REVENUE | -$36M |
| Cost of Revenue | $34M |
| GROSS PROFIT | -$70M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $3M |
| Operating Expenses | $19M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$89M |
| Interest Income | $198M |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$89M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$109M |
| D&A | $0 |
| EBIT | -$89M |
| EBITDA | -$89M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$89M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $180M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $96M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$143M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$82M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $96M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $89M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.6B |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $3.9B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $401.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | -$305M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $2.5B |
| Net Debt | $2.4B |
