| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.4B | — | 7.4% | — |
| Op. Income | -$8M | -$197M | — | 95.8% | — |
| Gross Margin | 6.8% | 6.0% | — | 0.7pp | — |
| Net Margin | -7.5% | -9.4% | — | 1.9pp | — |
| EPS (Diluted) | $-0.68 | $-0.80 | — | 14.6% | — |
| Free Cash Flow | $19M | -$44M | — | 143.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $244M |
| R&D Expenses | $21M |
| Selling & Marketing | $93M |
| General & Administrative | $131M |
| SG&A Expenses | $224M |
| Other Expenses | $7M |
| Operating Expenses | $252M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | -$8M |
| Interest Income | $15M |
| Interest Expense | $48M |
| Other Income/Expenses | -$409M |
| INCOME BEFORE TAX | -$417M |
| Income Tax Expense | -$137M |
| Net Income from Continuing Ops | -$280M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$271M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$271M |
| D&A | $248M |
| EBIT | -$191M |
| EBITDA | $57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$271M |
| Depreciation & Amortization | $248M |
| Stock-Based Compensation | $201.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $320M |
| Change in Working Capital | -$102M |
| OPERATING CASH FLOW | $194M |
| Capital Expenditure | -$175M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$201.5K |
| NET CASH FROM INVESTING | -$175M |
| Net Debt Issuance | -$56M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $798M |
| Net Receivables | $679M |
| Inventory | $2.7B |
| Other Current Assets | $662M |
| TOTAL CURRENT ASSETS | $7.7B |
| PP&E (Net) | $8.6B |
| Goodwill | $438M |
| Intangible Assets | $190M |
| Long-Term Investments | $35M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $11.2B |
| TOTAL ASSETS | $18.8B |
| Account Payables | $3.0B |
| Short-Term Debt | $446M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $11.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $13.1B |
| TOTAL LIABILITIES | $18.4B |
| Common Stock | $1.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$822M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$177M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $621M |
| Minority Interest | -$144M |
| TOTAL EQUITY | $477M |
| TOTAL LIABILITIES & EQUITY | $18.8B |
| Total Debt | $12.3B |
| Net Debt | $9.4B |
