| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $493M | $517M | $536M | -4.6% | -8.0% |
| Op. Income | -$77M | -$31M | -$24M | -150.4% | -217.4% |
| Gross Margin | 42.6% | 45.1% | 46.0% | -2.4pp | -3.4pp |
| Net Margin | -15.8% | -6.0% | -3.5% | -9.8pp | -12.3pp |
| EPS (Diluted) | $-0.72 | $-0.28 | $-0.18 | -157.1% | -300.0% |
| Free Cash Flow | -$38M | -$31M | -$51M | -22.5% | 24.3% |
| Item | Amount |
|---|---|
| REVENUE | $493M |
| Cost of Revenue | $283M |
| GROSS PROFIT | $210M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $287M |
| Other Expenses | $0 |
| Operating Expenses | $287M |
| Cost & Expenses | $570M |
| OPERATING INCOME | -$77M |
| Interest Income | $194.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$748.0K |
| INCOME BEFORE TAX | -$78M |
| Income Tax Expense | $412.0K |
| Net Income from Continuing Ops | -$78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$78M |
| D&A | $10M |
| EBIT | -$77M |
| EBITDA | -$67M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$78M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | $619.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $138M |
| Short-Term Investments | $97M |
| Net Receivables | $28M |
| Inventory | $213M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $534M |
| PP&E (Net) | $248M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $48M |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $330M |
| TOTAL ASSETS | $864M |
| Account Payables | $146M |
| Short-Term Debt | $27M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $317M |
| Long-Term Debt | $149M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$140M |
| TOTAL NON-CURRENT LIABILITIES | $157M |
| TOTAL LIABILITIES | $474M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $492M |
| Retained Earnings | -$70M |
| Treasury Stock | -$30M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $390M |
| Minority Interest | $0 |
| TOTAL EQUITY | $390M |
| TOTAL LIABILITIES & EQUITY | $864M |
| Total Debt | $176M |
| Net Debt | $38M |
