| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $380M | $374M | $362M | 1.6% | 5.0% |
| Op. Income | $63M | $50M | $51M | 26.7% | 23.2% |
| Gross Margin | 16.9% | 17.0% | 15.8% | -0.1pp | 1.1pp |
| Net Margin | -23.0% | -26.4% | -28.4% | 3.4pp | 5.3pp |
| EPS (Diluted) | $-0.36 | $-0.41 | $-0.43 | 12.2% | 16.3% |
| Free Cash Flow | $18M | $21M | -$7M | -13.9% | 352.4% |
| Item | Amount |
|---|---|
| REVENUE | $380M |
| Cost of Revenue | $315M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $317M |
| OPERATING INCOME | $63M |
| Interest Income | $2M |
| Interest Expense | $60M |
| Other Income/Expenses | -$150M |
| INCOME BEFORE TAX | -$87M |
| Income Tax Expense | -$38.0K |
| Net Income from Continuing Ops | -$87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$87M |
| D&A | $78M |
| EBIT | -$12M |
| EBITDA | $65M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$87M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $44M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$60M |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | -$61M |
| Common Stock Repurchased | -$2.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$359.0K |
| NET CASH FROM FINANCING | -$64M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$112M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $282M |
| TOTAL CURRENT ASSETS | $430M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $26M |
| Long-Term Investments | $151M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $229M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $2.9B |
| Net Debt | $2.8B |
