| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $439M | — | $283M | — | 55.1% |
| Op. Income | -$21M | — | -$14M | — | -52.0% |
| Gross Margin | 15.8% | — | 21.7% | — | -6.0pp |
| Net Margin | -2.4% | — | -4.3% | — | 1.8pp |
| EPS (Diluted) | $-0.29 | — | $-0.30 | — | 3.3% |
| Free Cash Flow | $69M | — | $50M | — | 40.2% |
| Item | Amount |
|---|---|
| REVENUE | $439M |
| Cost of Revenue | $370M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $84M |
| General & Administrative | $6M |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $90M |
| Cost & Expenses | $460M |
| OPERATING INCOME | -$21M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $8M |
| EBIT | -$12M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $76M |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | -$186.0K |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$60M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$772.0K |
| NET CASH FROM FINANCING | -$71M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $187M |
| Inventory | $82M |
| Other Current Assets | $80M |
| TOTAL CURRENT ASSETS | $359M |
| PP&E (Net) | $194M |
| Goodwill | $256M |
| Intangible Assets | $89M |
| Long-Term Investments | $70M |
| Tax Assets | -$70M |
| Other Non-Current Assets | $85M |
| TOTAL NON-CURRENT ASSETS | $624M |
| TOTAL ASSETS | $983M |
| Account Payables | $43M |
| Short-Term Debt | $72M |
| Deferred Revenue | $109M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $381M |
| Long-Term Debt | $153M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $37M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $284M |
| TOTAL LIABILITIES | $665M |
| Common Stock | $336M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $322M |
| Minority Interest | -$3M |
| TOTAL EQUITY | $319M |
| TOTAL LIABILITIES & EQUITY | $665M |
| Total Debt | $319M |
| Net Debt | $310M |
