| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $337M | $382M | $401M | -11.9% | -15.9% |
| Op. Income | -$21M | -$6M | $45M | -228.2% | -145.4% |
| Gross Margin | 0.9% | 4.9% | 17.6% | -4.0pp | -16.7pp |
| Net Margin | -5.2% | -1.3% | 8.7% | -3.8pp | -13.9pp |
| EPS (Diluted) | $-0.65 | $-0.19 | $1.22 | -242.1% | -153.3% |
| Free Cash Flow | -$72M | $22M | -$23M | -428.1% | -210.9% |
| Item | Amount |
|---|---|
| REVENUE | $337M |
| Cost of Revenue | $334M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $357M |
| OPERATING INCOME | -$21M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $19M |
| EBIT | -$21M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $244.0K |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | $75M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $64M |
| FREE CASH FLOW | -$72M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $171M |
| Inventory | $191M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $391M |
| PP&E (Net) | $949M |
| Goodwill | $56M |
| Intangible Assets | $45M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $197M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $284M |
| Long-Term Debt | $245M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $152M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $471M |
| TOTAL LIABILITIES | $755M |
| Common Stock | $329.0K |
| Additional Paid-In Capital | $134M |
| Retained Earnings | $583M |
| Treasury Stock | -$61.0K |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $713M |
| Minority Interest | $0 |
| TOTAL EQUITY | $713M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $332M |
| Net Debt | $311M |
