| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $800M | $807M | $953M | -0.9% | -16.1% |
| Op. Income | -$24M | $35M | $97M | -168.6% | -124.7% |
| Gross Margin | 17.3% | 18.7% | 22.4% | -1.5pp | -5.1pp |
| Net Margin | -1.5% | 15.2% | 0.6% | -16.7pp | -2.1pp |
| EPS (Diluted) | $-0.09 | $0.72 | $0.03 | -113.0% | -432.7% |
| Free Cash Flow | $52M | -$29M | $93M | 279.3% | -44.1% |
| Item | Amount |
|---|---|
| REVENUE | $800M |
| Cost of Revenue | $662M |
| GROSS PROFIT | $138M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $109M |
| Other Expenses | $51M |
| Operating Expenses | $162M |
| Cost & Expenses | $824M |
| OPERATING INCOME | -$24M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | -$70M |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $47M |
| EBIT | -$69M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$55M |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | $11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | $34M |
| Net Debt Issuance | -$89M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$96M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $366M |
| Short-Term Investments | $0 |
| Net Receivables | $695M |
| Inventory | $0 |
| Other Current Assets | $114M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $336M |
| Goodwill | $609M |
| Intangible Assets | $193M |
| Long-Term Investments | $3M |
| Tax Assets | $23M |
| Other Non-Current Assets | $183M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $157M |
| Short-Term Debt | $24M |
| Deferred Revenue | $103M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $744M |
| Long-Term Debt | $615M |
| Deferred Revenue NC | $52M |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $870M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$2.4B |
| Treasury Stock | -$210M |
| Accum. Other Comp. Income | -$472M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $981M |
| Minority Interest | $4M |
| TOTAL EQUITY | $985M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $829M |
| Net Debt | $463M |
