| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $69M | $67M | 3.0% | 6.0% |
| Op. Income | -$9M | -$9M | -$9M | -5.0% | -3.1% |
| Gross Margin | 1.2% | 0.7% | -1.7% | 0.5pp | 2.9pp |
| Net Margin | -36.0% | 44.7% | -33.6% | -80.7pp | -2.4pp |
| EPS (Diluted) | $-0.64 | $0.73 | $-0.63 | -187.7% | -1.6% |
| Free Cash Flow | $19M | -$15M | -$17M | 230.0% | 215.8% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $864.0K |
| R&D Expenses | $37.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $80M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $754.0K |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $2M |
| EBIT | -$11M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$606.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $455.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $18M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $182M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $207M |
| TOTAL ASSETS | $243M |
| Account Payables | $32M |
| Short-Term Debt | $37M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $258M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $117M |
| TOTAL NON-CURRENT LIABILITIES | $376M |
| TOTAL LIABILITIES | $460M |
| Common Stock | $41.0K |
| Additional Paid-In Capital | $264M |
| Retained Earnings | -$475M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$217M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$217M |
| TOTAL LIABILITIES & EQUITY | $243M |
| Total Debt | $297M |
| Net Debt | $294M |
