| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $294M | $275M | $329M | 6.6% | -10.7% |
| Op. Income | $4M | $7M | $3M | -41.7% | 59.6% |
| Gross Margin | 34.5% | 33.2% | 37.6% | 1.2pp | -3.2pp |
| Net Margin | -1.4% | -1.0% | -1.2% | -0.4pp | -0.2pp |
| EPS (Diluted) | $-0.04 | $-0.03 | $-0.04 | -48.1% | -5.4% |
| Free Cash Flow | -$2M | -$4M | -$7M | 51.9% | 74.8% |
| Item | Amount |
|---|---|
| REVENUE | $294M |
| Cost of Revenue | $192M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $81M |
| SG&A Expenses | $97M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $290M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $21M |
| EBIT | $4M |
| EBITDA | $25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $48M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$57.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$57.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $142M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $179M |
| PP&E (Net) | $266M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $298M |
| TOTAL ASSETS | $477M |
| Account Payables | $46M |
| Short-Term Debt | $23M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $232M |
| Long-Term Debt | $289M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $457M |
| TOTAL LIABILITIES | $689M |
| Common Stock | $1M |
| Additional Paid-In Capital | $135M |
| Retained Earnings | -$348M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$313.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$212M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$212M |
| TOTAL LIABILITIES & EQUITY | $477M |
| Total Debt | $511M |
| Net Debt | $500M |
