| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $217M | $207M | $180M | 4.9% | 20.9% |
| Op. Income | $61M | $51M | $45M | 18.5% | 35.1% |
| Gross Margin | 65.5% | 66.2% | 66.9% | -0.7pp | -1.4pp |
| Net Margin | 9.6% | 11.4% | 5.4% | -1.8pp | 4.3pp |
| EPS (Diluted) | $0.21 | $0.24 | $0.10 | -12.5% | 114.1% |
| Free Cash Flow | -$3M | $23M | $5M | -111.3% | -151.8% |
| Item | Amount |
|---|---|
| REVENUE | $217M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $142M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $81M |
| Operating Expenses | $81M |
| Cost & Expenses | $156M |
| OPERATING INCOME | $61M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $255.0K |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $64M |
| EBIT | $58M |
| EBITDA | $122M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $217M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $142M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $81M |
| Operating Expenses | $81M |
| Cost & Expenses | $156M |
| OPERATING INCOME | $61M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $255.0K |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $64M |
| EBIT | $58M |
| EBITDA | $122M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$65.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $63M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$52M |
| Other Financing Activities | -$130.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$25.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.0K |
| Short-Term Investments | $0 |
| Net Receivables | $97M |
| Inventory | $106M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $224M |
| PP&E (Net) | $2.2B |
| Goodwill | $0 |
| Intangible Assets | $253M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $37M |
| Short-Term Debt | $0 |
| Deferred Revenue | $63M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $178M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | -$259M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $227M |
| Minority Interest | $0 |
| TOTAL EQUITY | $227M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $2.3B |
| Net Debt | $2.3B |
