| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $142M | $113M | $121M | 25.7% | 17.1% |
| Op. Income | $4M | -$12M | -$636M | 132.7% | 100.6% |
| Gross Margin | 27.7% | 13.7% | -39.0% | 14.0pp | 66.7pp |
| Net Margin | -137.9% | -36.4% | -358.6% | -101.4pp | 220.8pp |
| EPS (Diluted) | $-0.51 | $-0.11 | $-1.16 | -363.6% | 56.0% |
| Free Cash Flow | $10M | $3M | -$24M | 273.6% | 141.5% |
| Item | Amount |
|---|---|
| REVENUE | $142M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $39M |
| R&D Expenses | $2M |
| Selling & Marketing | $4M |
| General & Administrative | $24M |
| SG&A Expenses | $28M |
| Other Expenses | $5M |
| Operating Expenses | $35M |
| Cost & Expenses | $138M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $84M |
| Other Income/Expenses | -$199M |
| INCOME BEFORE TAX | -$195M |
| Income Tax Expense | $336.0K |
| NET INCOME | -$196M |
| D&A | $31M |
| EBIT | -$111M |
| EBITDA | -$80M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$196M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$96M |
| Change in Working Capital | $265M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $97M |
| PP&E (Net) | $593M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $615M |
| TOTAL ASSETS | $712M |
| Account Payables | $155M |
| Short-Term Debt | $124M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $488M |
| Long-Term Debt | $684M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $99M |
| TOTAL NON-CURRENT LIABILITIES | $821M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$597M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$597M |
| TOTAL LIABILITIES & EQUITY | $712M |
| Total Debt | $866M |
| Net Debt | $815M |
