| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $234M | $208M | $249M | 12.5% | -6.3% |
| Op. Income | $4M | -$600.0K | $6M | 750.0% | -35.0% |
| Gross Margin | 18.9% | 16.7% | 15.4% | 2.2pp | 3.5pp |
| Net Margin | -1.1% | 17.5% | -3.0% | -18.6pp | 1.9pp |
| EPS (Diluted) | $-0.06 | $0.96 | $-0.14 | -106.3% | 56.6% |
| Free Cash Flow | -$91M | -$58M | -$56M | -56.9% | -61.4% |
| Item | Amount |
|---|---|
| REVENUE | $234M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $44M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $230M |
| OPERATING INCOME | $4M |
| Interest Income | $600.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $300.0K |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $26M |
| EBIT | $4M |
| EBITDA | $30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$100.0K |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$80M |
| Net Debt Issuance | $81M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$700.0K |
| NET CASH FROM FINANCING | $74M |
| FREE CASH FLOW | -$91M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $129M |
| Inventory | $400M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $601M |
| PP&E (Net) | $853M |
| Goodwill | $89M |
| Intangible Assets | $120M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $155M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $117M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $275M |
| Long-Term Debt | $800M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $58M |
| Other Non-Current Liabilities | $163M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $413M |
| Retained Earnings | $221M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | -$105M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $521M |
| Minority Interest | $0 |
| TOTAL EQUITY | $521M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $805M |
| Net Debt | $767M |
