| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $371M | $362M | $346M | 2.6% | 7.2% |
| Op. Income | $56M | $51M | $54M | 8.7% | 2.8% |
| Gross Margin | 17.0% | 15.8% | 17.3% | 1.2pp | -0.3pp |
| Net Margin | -23.3% | -28.4% | -15.2% | 5.1pp | -8.0pp |
| EPS (Diluted) | $-0.36 | $-0.43 | $-0.22 | 16.3% | -63.6% |
| Free Cash Flow | $29M | -$7M | $6M | 496.8% | 373.4% |
| Item | Amount |
|---|---|
| REVENUE | $371M |
| Cost of Revenue | $308M |
| GROSS PROFIT | $63M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $315M |
| OPERATING INCOME | $56M |
| Interest Income | $2M |
| Interest Expense | $58M |
| Other Income/Expenses | -$142M |
| INCOME BEFORE TAX | -$86M |
| Income Tax Expense | $187.0K |
| Net Income from Continuing Ops | -$86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$86M |
| D&A | $70M |
| EBIT | -$15M |
| EBITDA | $56M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$86M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $42M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$43M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$822.0K |
| Common Stock Repurchased | -$78.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $207M |
| Short-Term Investments | $0 |
| Net Receivables | $75M |
| Inventory | $0 |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $321M |
| PP&E (Net) | $4.7B |
| Goodwill | $0 |
| Intangible Assets | $32M |
| Long-Term Investments | $146M |
| Tax Assets | $0 |
| Other Non-Current Assets | $118M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $218.0K |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $215M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $2.9B |
| Net Debt | $2.7B |
