| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $178M | $209M | $195M | -15.1% | -8.9% |
| Op. Income | $37M | $46M | $38M | -20.5% | -4.5% |
| Gross Margin | 64.5% | 64.4% | 62.8% | 0.1pp | 1.7pp |
| Net Margin | 12.8% | 24.7% | 17.7% | -11.9pp | -4.9pp |
| EPS (Diluted) | $0.36 | $0.81 | $0.53 | -55.6% | -32.1% |
| Free Cash Flow | $11M | $70M | $61M | -84.1% | -81.8% |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $115M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $141M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $8M |
| EBIT | $37M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $115M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $141M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $8M |
| EBIT | $37M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$742.0K |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$490.0K |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $33.0K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $297M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$48M |
| NET CASH FROM FINANCING | $248M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $256M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $618M |
| Short-Term Investments | $0 |
| Net Receivables | $81M |
| Inventory | $111M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $835M |
| PP&E (Net) | $136M |
| Goodwill | $350M |
| Intangible Assets | $4M |
| Long-Term Investments | $13M |
| Tax Assets | $25M |
| Other Non-Current Assets | $104M |
| TOTAL NON-CURRENT ASSETS | $632M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $45M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $140M |
| Long-Term Debt | $455M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $534M |
| TOTAL LIABILITIES | $674M |
| Common Stock | $785.0K |
| Additional Paid-In Capital | $462M |
| Retained Earnings | $909M |
| Treasury Stock | -$579M |
| Accum. Other Comp. Income | -$571.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $792M |
| Minority Interest | $185.0K |
| TOTAL EQUITY | $793M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $455M |
| Net Debt | -$163M |
