| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $342M | $234M | $352M | 46.3% | -3.0% |
| Op. Income | -$54M | $4M | $28M | -1474.4% | -292.1% |
| Gross Margin | 20.8% | 18.9% | 19.9% | 1.9pp | 0.9pp |
| Net Margin | -22.0% | -1.1% | -0.1% | -21.0pp | -22.0pp |
| EPS (Diluted) | $-1.83 | $-0.06 | $-0.01 | -2909.9% | -24300.0% |
| Free Cash Flow | -$101M | -$91M | -$18M | -11.2% | -466.9% |
| Item | Amount |
|---|---|
| REVENUE | $342M |
| Cost of Revenue | $271M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $79M |
| Operating Expenses | $125M |
| Cost & Expenses | $395M |
| OPERATING INCOME | -$54M |
| Interest Income | $400.0K |
| Interest Expense | $16M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$72M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$75M |
| D&A | $26M |
| EBIT | -$56M |
| EBITDA | -$30M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$75M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $600.0K |
| Other Non-Cash Items | $104M |
| Change in Working Capital | -$94M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$700.0K |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | $108M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$800.0K |
| NET CASH FROM FINANCING | $101M |
| FREE CASH FLOW | -$101M |
| Net Change in Cash | -$400.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $169M |
| Inventory | $393M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $628M |
| PP&E (Net) | $803M |
| Goodwill | $97M |
| Intangible Assets | $120M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $158M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $86M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $204M |
| Long-Term Debt | $909M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $61M |
| Other Non-Current Liabilities | $172M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $425M |
| Retained Earnings | $136M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | -$92M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $460M |
| Minority Interest | $0 |
| TOTAL EQUITY | $460M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $914M |
| Net Debt | $875M |
