| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $191M | $166M | $152M | 15.1% | 25.9% |
| Op. Income | -$4M | $25M | $19M | -116.8% | -121.5% |
| Gross Margin | -12.6% | 2.0% | 2.0% | -14.7pp | -14.6pp |
| Net Margin | -8.0% | 4.2% | 7.7% | -12.1pp | -15.7pp |
| EPS (Diluted) | $-0.20 | $0.05 | $0.10 | -541.5% | -300.0% |
| Free Cash Flow | $11M | $27M | $33M | -59.1% | -66.7% |
| Item | Amount |
|---|---|
| REVENUE | $191M |
| Cost of Revenue | $215M |
| GROSS PROFIT | -$24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$20M |
| Operating Expenses | -$20M |
| Cost & Expenses | $195M |
| OPERATING INCOME | -$4M |
| Interest Income | $4M |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $495.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $36M |
| EBIT | -$4M |
| EBITDA | $32M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | $74M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$326.0K |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $266M |
| Inventory | $0 |
| Other Current Assets | -$127M |
| TOTAL CURRENT ASSETS | $170M |
| PP&E (Net) | $114M |
| Goodwill | $0 |
| Intangible Assets | $121M |
| Long-Term Investments | $2.0B |
| Tax Assets | $700.0K |
| Other Non-Current Assets | $173M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $159M |
| Short-Term Debt | $74M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$179M |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $79M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $668.0K |
| Additional Paid-In Capital | $581M |
| Retained Earnings | -$185M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $5M |
| TOTAL STOCKHOLDERS' EQUITY | $573M |
| Minority Interest | $233M |
| TOTAL EQUITY | $805M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.7B |
| Net Debt | $1.6B |
