| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $415M | $480M | $710M | -13.7% | -41.6% |
| Op. Income | $32M | $45M | $464M | -29.1% | -93.1% |
| Gross Margin | 17.4% | 18.3% | 71.4% | -0.9pp | -54.0pp |
| Net Margin | 3.7% | 9.4% | 39.3% | -5.7pp | -35.6pp |
| EPS (Diluted) | $0.24 | $0.65 | $3.55 | -63.1% | -93.2% |
| Free Cash Flow | -$296M | -$992M | $530M | 70.1% | -155.9% |
| Item | Amount |
|---|---|
| REVENUE | $415M |
| Cost of Revenue | $343M |
| GROSS PROFIT | $72M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $383M |
| OPERATING INCOME | $32M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $47M |
| EBIT | $42M |
| EBITDA | $89M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $415M |
| Cost of Revenue | $343M |
| GROSS PROFIT | $72M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $383M |
| OPERATING INCOME | $32M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $47M |
| EBIT | $42M |
| EBITDA | $89M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$219M |
| OPERATING CASH FLOW | -$116M |
| Capital Expenditure | -$180M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$190M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$296M |
| Net Change in Cash | -$359M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $0 |
| Net Receivables | $194M |
| Inventory | $191M |
| Other Current Assets | $230M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $3.7B |
| Goodwill | $0 |
| Intangible Assets | $157M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $55M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $67M |
| Short-Term Debt | $0 |
| Deferred Revenue | $129M |
| Other Current Liabilities | $524M |
| TOTAL CURRENT LIABILITIES | $720M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $114M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $142M |
| TOTAL LIABILITIES | $862M |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $1.7B |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $0 |
| Net Debt | -$2.7B |
