| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $84M | $91M | $104M | -7.4% | -18.5% |
| Op. Income | $43M | $49M | $65M | -12.0% | -34.4% |
| Gross Margin | 70.1% | 71.4% | 75.9% | -1.3pp | -5.7pp |
| Net Margin | 48.1% | 52.0% | 62.6% | -3.8pp | -14.4pp |
| EPS (Diluted) | $0.44 | $0.51 | $0.74 | -13.7% | -40.5% |
| Free Cash Flow | $40M | $55M | $41M | -26.7% | -3.3% |
| Item | Amount |
|---|---|
| REVENUE | $84M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $13M |
| Operating Expenses | $16M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $43M |
| Interest Income | $112M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $0 |
| EBIT | $43M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $84M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $13M |
| Operating Expenses | $16M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $43M |
| Interest Income | $112M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $0 |
| EBIT | $43M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $41M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$221M |
| Sales/Maturities of Investments | $107M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | $112M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $70M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $89M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $0 |
| Short-Term Debt | $346M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $382M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $940.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $90M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $1.9B |
| Net Debt | $1.9B |
