| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $747M | $719M | $718M | 3.9% | 4.0% |
| Op. Income | $19M | -$24M | $8M | 179.4% | 146.0% |
| Gross Margin | 27.6% | 26.5% | 26.3% | 1.1pp | 1.3pp |
| Net Margin | -4.0% | -12.7% | -6.2% | 8.7pp | 2.2pp |
| EPS (Diluted) | $-0.13 | $-0.40 | $-0.20 | 67.5% | 35.0% |
| Free Cash Flow | -$46M | -$29M | -$26M | -55.9% | -77.5% |
| Item | Amount |
|---|---|
| REVENUE | $747M |
| Cost of Revenue | $541M |
| GROSS PROFIT | $206M |
| R&D Expenses | $0 |
| Selling & Marketing | $53M |
| General & Administrative | $45M |
| SG&A Expenses | $99M |
| Other Expenses | $88M |
| Operating Expenses | $187M |
| Cost & Expenses | $728M |
| OPERATING INCOME | $19M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | -$40.0K |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $86M |
| EBIT | $21M |
| EBITDA | $107M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$425.0K |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$629.0K |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $60M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $54M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $319M |
| Short-Term Investments | $0 |
| Net Receivables | $50M |
| Inventory | $0 |
| Other Current Assets | $148M |
| TOTAL CURRENT ASSETS | $516M |
| PP&E (Net) | $4.9B |
| Goodwill | $27M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $74M |
| Short-Term Debt | $66M |
| Deferred Revenue | $58M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $614M |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$3.9B |
| Treasury Stock | -$103M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $374M |
| Minority Interest | $1M |
| TOTAL EQUITY | $375M |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $4.7B |
| Net Debt | $4.4B |
