| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $341M | $309M | $360M | 10.0% | -5.3% |
| Op. Income | $3M | -$2M | $19M | 302.5% | -83.4% |
| Gross Margin | 30.3% | 32.6% | 33.6% | -2.3pp | -3.3pp |
| Net Margin | -0.4% | -1.1% | 3.6% | 0.7pp | -4.0pp |
| EPS (Diluted) | $-0.04 | $-0.09 | $0.33 | 59.4% | -110.8% |
| Free Cash Flow | $22M | -$51M | -$9M | 144.5% | 340.6% |
| Item | Amount |
|---|---|
| REVENUE | $341M |
| Cost of Revenue | $237M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $100M |
| Other Expenses | $0 |
| Operating Expenses | $100M |
| Cost & Expenses | $337M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$872.0K |
| Income Tax Expense | $459.0K |
| 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 | $23M |
| EBIT | $3M |
| EBITDA | $26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $965.0K |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | -$92.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$92.0K |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $22.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $446M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $483M |
| PP&E (Net) | $496M |
| Goodwill | $1M |
| Intangible Assets | $344.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $498M |
| TOTAL ASSETS | $980M |
| Account Payables | $83M |
| Short-Term Debt | $185M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $406M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $302M |
| TOTAL LIABILITIES | $708M |
| Common Stock | $374.0K |
| Additional Paid-In Capital | $81M |
| Retained Earnings | $191M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $272M |
| Minority Interest | $0 |
| TOTAL EQUITY | $272M |
| TOTAL LIABILITIES & EQUITY | $980M |
| Total Debt | $533M |
| Net Debt | $530M |
