| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $209M | $203M | $234M | 2.9% | -10.6% |
| Op. Income | -$30M | $6M | $4M | -605.1% | -864.1% |
| Gross Margin | 9.3% | 16.1% | 18.9% | -6.7pp | -9.5pp |
| Net Margin | -23.1% | -21.5% | -1.1% | -1.6pp | -22.1pp |
| EPS (Diluted) | $-1.17 | $-1.05 | $-0.06 | -11.4% | -1824.3% |
| Free Cash Flow | -$34M | -$22M | -$91M | -56.3% | 63.0% |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $189M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $18M |
| Operating Expenses | $49M |
| Cost & Expenses | $239M |
| OPERATING INCOME | -$30M |
| Interest Income | $200.0K |
| Interest Expense | $19M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $27M |
| EBIT | -$32M |
| EBITDA | -$5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$200.0K |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $42M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $100.0K |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $41M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $126M |
| Inventory | $414M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $587M |
| PP&E (Net) | $807M |
| Goodwill | $6M |
| Intangible Assets | $82M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $158M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $82M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $217M |
| Long-Term Debt | $910M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $57M |
| Other Non-Current Liabilities | $129M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $421M |
| Retained Earnings | $2M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | -$96M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $317M |
| Minority Interest | $0 |
| TOTAL EQUITY | $317M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $934M |
| Net Debt | $914M |
