| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $146M | $144M | $160M | 1.6% | -8.5% |
| Op. Income | $68M | $65M | $60M | 4.6% | 13.0% |
| Gross Margin | 59.4% | 57.3% | 51.9% | 2.1pp | 7.6pp |
| Net Margin | 31.2% | 32.3% | 11.9% | -1.1pp | 19.3pp |
| EPS (Diluted) | $0.43 | $0.44 | $0.20 | -2.3% | 115.0% |
| Free Cash Flow | $36M | $34M | $188M | 6.2% | -80.9% |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $87M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $4M |
| Operating Expenses | $19M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $68M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $21M |
| EBIT | $65M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $87M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $4M |
| Operating Expenses | $19M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $68M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $21M |
| EBIT | $65M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $76.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$336.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$592.0K |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $172M |
| PP&E (Net) | $412M |
| Goodwill | $41M |
| Intangible Assets | $71M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $525M |
| TOTAL ASSETS | $697M |
| Account Payables | $21M |
| Short-Term Debt | $208M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $294M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $48M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $64M |
| TOTAL LIABILITIES | $358M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $141M |
| Retained Earnings | $223M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $338M |
| Minority Interest | $0 |
| TOTAL EQUITY | $338M |
| TOTAL LIABILITIES & EQUITY | $697M |
| Total Debt | $227M |
| Net Debt | $122M |
