| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $701M | $692M | $465M | 1.3% | 50.7% |
| Op. Income | -$23M | -$20M | -$42M | -15.5% | 46.2% |
| Gross Margin | 12.3% | 11.4% | 10.2% | 0.9pp | 2.1pp |
| Net Margin | -4.4% | -3.8% | -10.1% | -0.6pp | 5.7pp |
| EPS (Diluted) | $-0.16 | $-0.14 | $-0.25 | -14.3% | 36.0% |
| Free Cash Flow | -$18M | $17M | -$198M | -206.4% | 90.9% |
| Item | Amount |
|---|---|
| REVENUE | $701M |
| Cost of Revenue | $615M |
| GROSS PROFIT | $86M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $102M |
| Other Expenses | $7M |
| Operating Expenses | $109M |
| Cost & Expenses | $724M |
| OPERATING INCOME | -$23M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $7.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $7M |
| EBIT | -$26M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $107M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $155.0K |
| NET CASH FROM FINANCING | $107M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $92M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $433M |
| Short-Term Investments | $38M |
| Net Receivables | $154M |
| Inventory | $0 |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $662M |
| PP&E (Net) | $75M |
| Goodwill | $35M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $120M |
| TOTAL ASSETS | $782M |
| Account Payables | $242M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $352M |
| Long-Term Debt | $321M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $329M |
| TOTAL LIABILITIES | $681M |
| Common Stock | $192.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $100M |
| Minority Interest | $1M |
| TOTAL EQUITY | $101M |
| TOTAL LIABILITIES & EQUITY | $782M |
| Total Debt | $329M |
| Net Debt | -$104M |
