| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | — | $1.1B | — | -1.0% |
| Op. Income | -$83M | — | -$153M | — | 45.7% |
| Gross Margin | 18.3% | — | 17.0% | — | 1.3pp |
| Net Margin | -7.6% | — | -14.3% | — | 6.6pp |
| EPS (Diluted) | $-0.17 | — | $-0.36 | — | 52.8% |
| Free Cash Flow | -$41M | — | -$131M | — | 68.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $896M |
| GROSS PROFIT | $201M |
| R&D Expenses | $44M |
| Selling & Marketing | $103M |
| General & Administrative | $32M |
| SG&A Expenses | $135M |
| Other Expenses | $104M |
| Operating Expenses | $284M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$83M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$700.0K |
| INCOME BEFORE TAX | -$84M |
| Income Tax Expense | $100.0K |
| Net Income from Continuing Ops | -$84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$84M |
| D&A | $22M |
| EBIT | -$81M |
| EBITDA | -$60M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$84M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $700.0K |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$700.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $282M |
| PP&E (Net) | $560M |
| Goodwill | $210M |
| Intangible Assets | $78M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $878M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $18M |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $91M |
| TOTAL CURRENT LIABILITIES | $293M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $436M |
| TOTAL LIABILITIES | $728M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $429M |
| Minority Interest | $3M |
| TOTAL EQUITY | $432M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $534M |
| Net Debt | $367M |
