| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $18M | $24M | 200.1% | 123.8% |
| Op. Income | -$79M | -$89M | -$81M | 10.8% | 2.2% |
| Gross Margin | -5.7% | -105.3% | -20.4% | 99.7pp | 14.8pp |
| Net Margin | -518.0% | -1058.6% | -1343.4% | 540.6pp | 825.4pp |
| EPS (Diluted) | $-1.04 | $-0.70 | $-1.29 | -48.6% | 19.4% |
| Free Cash Flow | -$78M | -$124M | -$75M | 37.3% | -3.7% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $56M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $132M |
| OPERATING INCOME | -$79M |
| Interest Income | $0 |
| Interest Expense | $69M |
| Other Income/Expenses | -$230M |
| INCOME BEFORE TAX | -$309M |
| Income Tax Expense | -$32M |
| Net Income from Continuing Ops | -$277M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$277M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$277M |
| D&A | $7M |
| EBIT | -$79M |
| EBITDA | -$72M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$277M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$32M |
| Other Non-Cash Items | $218M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | -$67M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | -$78M |
| Net Change in Cash | -$57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $87M |
| Inventory | $74M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $195M |
| PP&E (Net) | $357M |
| Goodwill | $12M |
| Intangible Assets | $19M |
| Long-Term Investments | $18M |
| Tax Assets | $310M |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $755M |
| TOTAL ASSETS | $950M |
| Account Payables | $81M |
| Short-Term Debt | $38M |
| Deferred Revenue | $59M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $261M |
| Long-Term Debt | $922M |
| Deferred Revenue NC | $73M |
| Deferred Tax Liabilities | $53.0K |
| Other Non-Current Liabilities | $521M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$932M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$932M |
| TOTAL LIABILITIES & EQUITY | $950M |
| Total Debt | $1.1B |
| Net Debt | $1.1B |
