| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $277M | $310M | $234M | -10.4% | 18.5% |
| Op. Income | -$217M | $76M | -$2M | -387.6% | -9322.7% |
| Gross Margin | 41.4% | 48.5% | 34.9% | -7.1pp | 6.5pp |
| Net Margin | -97.6% | 6.2% | -31.2% | -103.9pp | -66.4pp |
| EPS (Diluted) | $-11.40 | $0.79 | $-3.11 | -1543.0% | -266.6% |
| Free Cash Flow | $2M | $46M | $40M | -96.0% | -95.4% |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $163M |
| GROSS PROFIT | $115M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $37M |
| SG&A Expenses | $37M |
| Other Expenses | $295M |
| Operating Expenses | $332M |
| Cost & Expenses | $495M |
| OPERATING INCOME | -$217M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | -$272M |
| Income Tax Expense | -$934.0K |
| Net Income from Continuing Ops | -$271M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$271M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$271M |
| D&A | $9M |
| EBIT | -$221M |
| EBITDA | -$212M |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Net Income | -$271M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$57M |
| Other Non-Cash Items | $314M |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$288M |
| Sales/Maturities of Investments | $153M |
| Other Investing Activities | $38M |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | $112M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $109M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $158M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $209M |
| PP&E (Net) | $171M |
| Goodwill | $606M |
| Intangible Assets | $48.0K |
| Long-Term Investments | $3.5B |
| Tax Assets | $17M |
| Other Non-Current Assets | $158M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $174M |
| Short-Term Debt | $29M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $219M |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $186M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $235.0K |
| Additional Paid-In Capital | $11M |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$124M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $937M |
| Minority Interest | $0 |
| TOTAL EQUITY | $937M |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $3.3B |
| Net Debt | $3.2B |
