| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $950M | $1.1B | — | -13.7% | — |
| Op. Income | $23M | -$57M | — | 139.8% | — |
| Gross Margin | 8.8% | 0.4% | — | 8.4pp | — |
| Net Margin | -4.3% | -9.1% | — | 4.9pp | — |
| EPS (Diluted) | $-0.47 | $-1.18 | — | 60.2% | — |
| Free Cash Flow | -$28M | -$32M | — | 11.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $950M |
| Cost of Revenue | $866M |
| GROSS PROFIT | $84M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $45M |
| SG&A Expenses | $57M |
| Other Expenses | $4M |
| Operating Expenses | $61M |
| Cost & Expenses | $927M |
| OPERATING INCOME | $23M |
| Interest Income | $0 |
| Interest Expense | $61M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | -$600.0K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $12M |
| EBIT | $20M |
| EBITDA | $33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $51M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | $32M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $278M |
| Inventory | $416M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $766M |
| PP&E (Net) | $1.7B |
| Goodwill | $173M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $118M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $321M |
| Short-Term Debt | $67M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $276M |
| TOTAL CURRENT LIABILITIES | $864M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $114M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $900.0K |
| Additional Paid-In Capital | $825M |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $800.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$713M |
| Minority Interest | $247M |
| TOTAL EQUITY | -$466M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $2.4B |
| Net Debt | $2.3B |
