| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $360M | $340M | $313M | 6.0% | 15.1% |
| Op. Income | -$8M | $38M | -$93M | -121.0% | 91.6% |
| Gross Margin | 5.2% | 18.8% | -23.1% | -13.6pp | 28.3pp |
| Net Margin | -1.6% | 8.4% | -23.1% | -10.1pp | 21.5pp |
| EPS (Diluted) | $-0.20 | $0.93 | $-2.36 | -121.5% | 91.5% |
| Free Cash Flow | $68M | $50M | -$3M | 35.1% | 2483.8% |
| Item | Amount |
|---|---|
| REVENUE | $360M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $2M |
| Operating Expenses | $27M |
| Cost & Expenses | $368M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $0 |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $46.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $75M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $69M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $10.0K |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $934.0K |
| Net Debt Issuance | -$368.0K |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $68M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $344M |
| Short-Term Investments | $111M |
| Net Receivables | $414M |
| Inventory | $0 |
| Other Current Assets | -$1.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $49M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $2.6B |
| Account Payables | $388M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$435M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $102M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$102M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $473.0K |
| Additional Paid-In Capital | $116M |
| Retained Earnings | $549M |
| Treasury Stock | -$257M |
| Accum. Other Comp. Income | -$107M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $302M |
| Minority Interest | $0 |
| TOTAL EQUITY | $302M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $114M |
| Net Debt | -$229M |
