| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.5B | -2.4% | -0.5% |
| Op. Income | -$9M | $24M | $48M | -135.8% | -117.9% |
| Gross Margin | 36.8% | 38.7% | 39.8% | -1.9pp | -3.0pp |
| Net Margin | -83.1% | -1.0% | 1.3% | -82.1pp | -84.4pp |
| EPS (Diluted) | $-4.63 | $-0.05 | $0.07 | -8364.4% | -6714.3% |
| Free Cash Flow | -$28M | $45M | $33M | -162.9% | -183.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $944M |
| GROSS PROFIT | $550M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $559M |
| Other Expenses | $0 |
| Operating Expenses | $559M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$9M |
| Interest Income | $1M |
| Interest Expense | $37M |
| Other Income/Expenses | -$1.3B |
| INCOME BEFORE TAX | -$1.3B |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $51M |
| EBIT | -$1.2B |
| EBITDA | -$1.2B |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.3B |
| Change in Working Capital | -$95M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140M |
| Short-Term Investments | $0 |
| Net Receivables | $50M |
| Inventory | $730M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $2.2B |
| Goodwill | $976M |
| Intangible Assets | $1.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $199M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $487M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $271M |
| Other Non-Current Liabilities | $124M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $268.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $3.0B |
| Net Debt | $2.9B |
