| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | — | $97M | — | 11.1% |
| Op. Income | $19M | — | $27M | — | -30.5% |
| Gross Margin | 26.7% | — | 36.7% | — | -10.0pp |
| Net Margin | -0.7% | — | -6.6% | — | 5.9pp |
| EPS (Diluted) | $-0.01 | — | $-0.05 | — | 88.5% |
| Free Cash Flow | -$46M | — | -$14M | — | -222.9% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $4M |
| Operating Expenses | $10M |
| Cost & Expenses | $89M |
| OPERATING INCOME | $19M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | -$744.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$744.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$744.0K |
| D&A | $8M |
| EBIT | $17M |
| EBITDA | $25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$740.7K |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$651.1K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $147M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $41M |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $254M |
| PP&E (Net) | $974M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $111M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $46M |
| Short-Term Debt | $31M |
| Deferred Revenue | $2M |
| Other Current Liabilities | -$5M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $341M |
| Deferred Revenue NC | $148M |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $586M |
| TOTAL LIABILITIES | $718M |
| Common Stock | $733M |
| Additional Paid-In Capital | $182M |
| Retained Earnings | -$216M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $634M |
| Minority Interest | $0 |
| TOTAL EQUITY | $634M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $377M |
| Net Debt | $230M |
