Revenue and profitability snapshots (USD):
- Revenue: 17,494,000; YoY: -1.19%; QoQ: +5.57%
- Gross Profit: 3,360,000; YoY: -26.85%; QoQ: +10.38%
- Operating Income: 1,090,000; YoY: -52.88%; QoQ: +72.20%
- Net Income: 23,355,000; YoY: +3,349.78%; QoQ: +51.51%
- EPS: 16.96; YoY: +3,361.22%; QoQ: +51.56%
Margin context (QQ3 2024):
- Gross Margin: 19.21% (0.1921)
- Operating Margin: 6.23% (0.0623)
- Net Margin: 1.335% (0.0133)
Notable items and leverage:
- EBITDA: 32,347,000 with EBITDARatio: 1.849x; this reflects material contributions from total other income/expenses (Total Other Income/Expenses Net: 30,745,000) that materially distort EBITDA vs. core operating performance.
- Income Before Tax: 31,835,000; Income Tax Expense: 8,480,000; resulting Net Income: 23,355,000.
- Cash generation and capital structure: Free Cash Flow (FCF) 1,613,000; Net cash from operating activities 1,601,000; Net change in cash: -348,000; Cash at end of period: 12,875,000; Net Debt: (18,668,000) (net cash position).
- Balance sheet health: Total Assets 369,861,000; Total Liabilities 118,007,000; Total Stockholders’ Equity 251,854,000; Cash and Short-Term Investments 335,012,000; Short-Term Debt 162,000; Long-Term Debt 28,497,000; Deferred Tax Liabilities Non-Current 43,442,000.
Strategic implications:
- The quarter underscores the distinction between operating profitability and reported GAAP results driven by non-operating income items. Investors should discount one-time gains when assessing ongoing profitability and cash generation capability.