| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $495M | $415M | $688M | 19.3% | -28.1% |
| Op. Income | $9M | -$48M | $227M | 119.5% | -95.9% |
| Gross Margin | 6.9% | -7.7% | 36.0% | 14.6pp | -29.1pp |
| Net Margin | -3.0% | -12.3% | 25.8% | 9.3pp | -28.8pp |
| EPS (Diluted) | $-0.15 | $-0.47 | $1.06 | 68.8% | -113.8% |
| Free Cash Flow | $9M | -$157M | $255M | 106.0% | -96.3% |
| Item | Amount |
|---|---|
| REVENUE | $495M |
| Cost of Revenue | $461M |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $479M |
| OPERATING INCOME | $9M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $19M |
| EBIT | -$4M |
| EBITDA | $28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$584.6K |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $70M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | -$511.5K |
| Common Stock Repurchased | $6M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $181M |
| Short-Term Investments | $0 |
| Net Receivables | $213M |
| Inventory | $528M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $998M |
| PP&E (Net) | $790M |
| Goodwill | $0 |
| Intangible Assets | $657.7K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $796M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $44M |
| Short-Term Debt | $9M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $251M |
| Long-Term Debt | $81M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $71M |
| Other Non-Current Liabilities | $323M |
| TOTAL NON-CURRENT LIABILITIES | $475M |
| TOTAL LIABILITIES | $726M |
| Common Stock | $700M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $155M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $229M |
| Other Equity | -$16M |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $89M |
| Net Debt | -$91M |
