| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $754M | — | $761M | — | -0.8% |
| Op. Income | -$33M | — | $2M | — | -1694.7% |
| Gross Margin | 27.5% | — | 29.2% | — | -1.7pp |
| Net Margin | -3.9% | — | 5.9% | — | -9.9pp |
| EPS (Diluted) | $-0.52 | — | $0.66 | — | -178.8% |
| Free Cash Flow | -$53M | — | $150M | — | -135.1% |
| Item | Amount |
|---|---|
| REVENUE | $754M |
| Cost of Revenue | $547M |
| GROSS PROFIT | $207M |
| R&D Expenses | $0 |
| Selling & Marketing | $176M |
| General & Administrative | $64M |
| SG&A Expenses | $240M |
| Other Expenses | -$116.0K |
| Operating Expenses | $240M |
| Cost & Expenses | $787M |
| OPERATING INCOME | -$33M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $18M |
| EBIT | -$36M |
| EBITDA | -$18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $51M |
| Common Stock Repurchased | -$54.0K |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | -$53M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $0 |
| Net Receivables | $84M |
| Inventory | $571M |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $777M |
| PP&E (Net) | $941M |
| Goodwill | $124M |
| Intangible Assets | $83M |
| Long-Term Investments | $63M |
| Tax Assets | $250M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $289M |
| Short-Term Debt | $173M |
| Deferred Revenue | $48M |
| Other Current Liabilities | -$97M |
| TOTAL CURRENT LIABILITIES | $622M |
| Long-Term Debt | $420M |
| Deferred Revenue NC | $646M |
| Deferred Tax Liabilities | $211M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $99M |
| Treasury Stock | -$765M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $359M |
| Minority Interest | $3M |
| TOTAL EQUITY | $363M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.2B |
| Net Debt | $1.2B |
